Living Car Free - Limiting car ownership by license plate auctions.

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Cue
05-11-09, 01:47 PM
I thought this was a very interesting way of limiting the amount of cars on the road.

https://www.thechinaperspective.com/articles/shanghairakesinus504mincarlicenseauctions3654/index.html



Shanghai rakes in US$504m in car license auctions

The Shanghai government collected US$504.06 million (RMB3.6 billion) from car licence plate auctions last year, the Oriental Morning Post reported. The money included RMB3.45 billion from the auction of 72,678 private car number plates, RMB71 million from the sale of 1,507 business car number plates and RMB74 million from transferring ...

US$504.06 million/72,678, almost $7000 USD per license plate.


Roody
05-11-09, 02:26 PM
Interesting. Apparently the local Shanghai government wants to curtail new cars because of a congestion problem. But the national government wants to stimulate car sales because the worldwide slump in car sales has hit China hard.





Dealers said this month's larger quota should lower car plate prices and boost sales.

The average price for a car license dropped 5,842 yuan to 27,552 yuan last month. The lowest price was 26,600 yuan, down from the 33,000 yuan in February. Both prices were the least since December.

"It makes no sense to auction car plates to ease Shanghai's traffic burden," said Yang Xiaochen, a local driver. "Shanghai car buyers can register in other provinces; it only takes a little trouble to save a lot."

Tags can cost as low as 2,000 yuan in neighboring jurisdictions.

Shanghai road authorities, meanwhile, worry about the effects of lifting the auction system and selling plates to everyone who wants one.

"We will stand by the national policy to stimulate the car industry; however, we hope the local government will act moderately when loosening the curbs," said an official with the Shanghai Highway Administration, who spoke only on condition of anonymity. "Shanghai has a delicate road situation, and a sudden influx of cars could cause chaos."



http://www.shanghai.gov.cn/shanghai/node17256/node18151/userobject22ai31797.html