Shanghai License Plates Dropping in Price

Share Our Knowledge With Your Friends, Contacts And Co-Workers

The first time visitor would expect that Chinese branded cars would be everywhere in Shanghai, a city which is probably one of the first visited by overseas tourists, in fact the nations financial capital is more of a bastion of foreign brands due to many consumers opting to ‘buy good’ if they are going to buy a car at all. A license plate as of last month cost just over of 64,000RMB ($10,000USD), which is only a little less than what most Chinese cars cost, this month the Shanghai Municiple Government brought down the price by pushing more plates onto the market. In June 2012 prices lowered to 58,227RMB, the first time they have come down in several months, in total 9,500 plates were sold over the course of June.

Shanghai’s auctioning of license plates came into action relatively early when compared to other cities, plates were auctioned off in 2002 – long before cities such as Beijing began to introduce their own traffic busting policies. Beijing currently allows the sales of 20,000 new license plates each month through a lottery system, although the government there are mulling over the idea of auctioning plates to the highest bidder.

 

About the author  ⁄ 

5 Comments

  • dragin
    June 18, 2012

    I wonder if rich license plate holders are better drivers than poor ones? In Shanghai we may never know.

  • CTSH
    June 19, 2012

    At least it helps keep the number of cars on the road down.

  • Ash
    June 19, 2012

    Shanghai’s traffic is actually not that bad for a tier one international city, sure it has its tailbacks at peak hours, but the city has invested well in its infrastructure that should see it keeping up with new road users well into the future. Let’s not forget the public transport system is highly advanced when compared to Beijing’s, which seems to be a subway to no where at best.

  • Gerald
    June 20, 2012

    I agree – the traffic in Shanghai (at least in Pudong) is noticeably better than Beijing.

  • Gerald
    June 20, 2012

    Re: auctioning of plates in Beijing, I also heard that it is being considered.

Leave a Comment

See News by Industry
Industry News China Green Auto News Spy Shots China Auto Culture
See News By Brand
Acura China Acura China Aston Martin China Aston Martin Audi China,FAW-Audi Audi China
Baojun Auto Baojun Beijing Auto Beijing Auto Group Beijing Auto Beijing Auto
Besturn Auto, FAW Besturn Besturn BMW China BMW China Brilliance Auto Brilliance Auto
Buick China Buick China Baojun Auto BYD Baojun Auto Cadillac
Changa,Chang'an Chang'an - Chana Changfeng Changfeng Changhe Auto Changhe
Chery Auto Chery Chevrolet China Chevrolet Chevrolet China Chrysler
Citroen China Citroen Dodge China Dodge Dodge China Citroen DS
Dongfeng Auto Dongfeng Geely Emgrand Emgrand Geely Emgrand Englon
FAW,First Automobile Works FAW Ferrari China Ferrari Fiat China Fiat
Foday Auto Foday Ford China,Changan-Ford Ford Guangzhou Auto Guangzhou Auto
Geely Auto Geely Geely Auto Gleagle GoNow Auto GoNow
Great Wall Great Wall Hafei Auto Hafei Haima Haima
Hawtai Hawtai Honda Honda Huanghai Yellow Sea Auto Huanghai (Yellow Sea)
Hyundai China Hyundai Infiniti China Infiniti JAC China JAC
Jaguar Jaguar Jinbei Jinbei JMC JMC
Kia Kia     Jaguar Land Rover
Landwind Landwind Lexus China Lexus Lifan Auto Lifan
Lincoln Lincoln Youngman Lotus Youngman Lotus Luxgen Luxgen
Mazda Mazda Mercedes China Mercedes MG - Morris Garages MG
MINI China MINI Mitsubishi China Mitsubishi Nissan China Nissan
Opel China Opel Opel China Peugeot Reely China Reely
Renault Riich Riich Riich Roewe
Rolls-Royce China Rolls-Royce SEAT SEAT Senova Senova/ShenBao
Double Ring Double Ring - Shuang Huan Sichuan Yema Sichuan Yema Skoda Skoda
Double Ring Smart Subaru Subaru Suzuki Suzuki
Toyota Toyota Volvo Volvo Volkswagen Volkswagen
Zotye Zotye   Others    
Close
Sign up today to receive China Car Times weekly newsletter!
Your name
Your email