{"id":155197,"date":"2013-04-28T16:35:30","date_gmt":"2013-04-28T23:35:30","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=155197"},"modified":"2013-04-28T16:37:37","modified_gmt":"2013-04-28T23:37:37","slug":"license-plate-auctions-hurt-domestic-car-companies","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2013\/04\/license-plate-auctions-hurt-domestic-car-companies\/","title":{"rendered":"License Plate Auctions Hurt Domestic Car Companies"},"content":{"rendered":"<p>Shanghai is one of four municipalities (along with Beijing, Guangzhou, and Guiyang) to have implemented license plate quotas in effort to curb traffic congestion and air pollution. Shanghai, who pioneered the license plate auction in 1994, has seen <a href=\"http:\/\/www.chinadaily.com.cn\/china\/2013-03\/25\/content_16341094.htm\">average successful bid prices climbing over the last year<\/a>\u00a0&#8211; in March reaching 90,000\u00a0<em>yuan<\/em>, <a href=\"https:\/\/twitter.com\/mattsheehan88\/status\/317201014363136000\">far higher than the city&#8217;s annual per capita income<\/a>\u00a0&#8211; though they did <a href=\"http:\/\/www.chinaabout.net\/shanghai-license-plate-auction-price-cooled-time-10-months\/\">cool slightly this month<\/a>. Bloomberg outlines Shanghai&#8217;s complicated license plate lottery, explaining how the\u00a0<a href=\"http:\/\/www.businessweek.com\/articles\/2013-04-25\/in-china-the-license-plates-can-cost-more-than-the-car#p1\"><strong>domestic car manufacturers who cater to China&#8217;s growing middle class are put at a disadvantage by exorbitant license plate costs<\/strong><\/a>:<\/p>\n<blockquote><p>Shanghai\u2019s busy streets teem with Buicks, Fords, Volkswagens, and Toyotas. More than 9\u00a0out of 10\u00a0cars in the world\u2019s most populous city are made by foreign companies, and it\u2019s not just a reflection of mainlanders\u2019 preference for Western design. Some local automakers say the city\u2019s license plate auctions are responsible for their weak sales. Shanghai is one of four Chinese cities that limit car purchases by imposing quotas on registrations. The prices paid at Shanghai\u2019s license auctions in recent months\u201490,000\u00a0yuan ($14,530)\u2014have exceeded the cost of many entry-level cars, the stronghold of Chinese brands such as Chery, Geely, and Great Wall. While residents with modest incomes may be able to afford an inexpensive car, the registration cost is\u00a0often beyond their reach. \u201cWhenever there\u2019s a restriction of new car purchases through the quota system, there is always a big impact on lower-price cars like the ones we make,\u201d says Lawrence Ang, executive director of\u00a0Geely Automobile Holdings (<a href=\"http:\/\/investing.businessweek.com\/research\/stocks\/snapshot\/snapshot.asp?ticker=175:HK\">175<\/a>), whose Panda minicar sells for 37,800\u00a0yuan.<\/p>\n<p>After Beijing (pop. 21 million) introduced a license plate lottery in January\u00a02011, the combined share of Chinese brands sold there plunged by more than half, to 9.7\u00a0percent for the year, according to researcher IHS Automotive. In Shanghai, which began auctioning license plates in 1994, domestic brands made up only 8.9\u00a0percent of cars sold in 2011 (the most recent data available), less than a third the level nationwide, IHS reports.[&#8230;]<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Shanghai is one of four municipalities (along with Beijing, Guangzhou, and Guiyang) to have implemented license plate quotas in effort to curb traffic congestion and air pollution. Shanghai, who pioneered the license plate auction in 1994, has seen average successful bid prices climbing over the last year\u00a0&#8211; in March reaching 90,000\u00a0yuan, far higher than the [&hellip;]<\/p>\n","protected":false},"author":985,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,14744,14745,14746,5],"tags":[348,8397,5050,7254,85],"class_list":["post-155197","post","type-post","status-publish","format-standard","hentry","category-economy","category-level-2-article","category-level-3-article","category-level-4-article","category-society","tag-air-pollution","tag-automobile-industry","tag-domestic-companies","tag-license-plates","tag-shanghai","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>License Plate Auctions Hurt Domestic Car Companies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2013\/04\/license-plate-auctions-hurt-domestic-car-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"License Plate Auctions Hurt Domestic Car Companies\" \/>\n<meta property=\"og:description\" content=\"Shanghai is one of four municipalities (along with Beijing, Guangzhou, and Guiyang) to have implemented license plate quotas in effort to curb traffic congestion and air pollution. Shanghai, who pioneered the license plate auction in 1994, has seen average successful bid prices climbing over the last year\u00a0&#8211; in March reaching 90,000\u00a0yuan, far higher than the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2013\/04\/license-plate-auctions-hurt-domestic-car-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-28T23:35:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-04-28T23:37:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta 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