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Car plate auction
THE city’s second car plate auction ended with the average price reaching 15,263 yuan for individuals, down 22 percent from last month, and 18,271 yuan for institutions, a decrease of 39 percent compared with May.
Hangzhou sold an additional 1,758 plates through auction, including 425 left over from last month’s auction. A total of 3,186 individuals and 274 institutions took part in the bidding. Unsold plates will be added to the next auction.
Compared with the first auction, bidders were more rational this time. Bidding results can be found on www.hzqcjj.com.
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