City to Start Auctioning License Plates Next Week

City to Start Auctioning License Plates Next WeekShenzhen is planning to auction around 500 vehicles license plates that have distinctive numbers starting January 25. The auction will last five days and will be auctioning off 100 license plates a day. Interested buyers can see the auction platform at the department’s website. Shenzhen police along with finance authorities commissioned 12 auction companies to handle the auctions.

The starting bid for license plates with four same numbers such as 8888 is set at 30,000 yuan then increases by 10,000 yuan in each round of bidding. Those plates with three same numbers such as 333 or two pairs such as 3388 will be auctioned at a starting price of 10,000 yuan with an increase of 5,000 yuan in each round. Plates with twin numbers will start its bidding at 5,000 yuan and an increase of 1,000 yuan in each round.

Interested bidders can register at the Shenzhen Auction Resources Center and is required to pay a 10,000 yuan deposit. Bidders are also required to email the application documents before 5 pm Tuesday. For further details interested applicants can call the center directly at 8253-8378 and 8253-8376.

The city plans to issue around 30,000 license plates and auction of 500 plates a month. the said amount will not be affecting vehicle business in the city.

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