Guangzhou license plate average auction price reached 12,627 yuan (US$ 2,020): Low success rate

Enhanced by the Guangzhou limited license policy adjustments plus outer vehicle limit, in May the Guangzhou plate auction witnessed intense competition. Data released yesterday showed that in May, the personal number plate auction price hit a new high, with an average price up to 12,627 yuan (US$ 2,020), far exceeding the average price of 10,998 yuan (US$ 1,760) last month; and for the first time there was no selling at base price; in term of license-plate lottery (车牌摇号), 1 out of 22.3 persons can get the chance to buy a license plate.

Source: 南方网

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