In order to optimize the car consumption environment and stimulate car consumption, in early june, the office for the regulation of small and medium car indicators in guangzhou released the june zen a-card incremental indicator allocation programme, which provides competitively for the allocation of 6090 general vehicle increments, of which 633 are unit targets and 5457 individual targets, all 51 per cent more than last month。
Average price of personal plates dropped by 32 per cent
On 25 june, the june a-licence bid in guangzhou city came out. After the liberalization of the restrictions, the average monthly licence price fell. The individual bid averaged $28,966, a 32 per cent decrease in the ring; the unit bid averaged $32,803, a 65 per cent decrease in the ring。
Is there another city with more license plates
As of june 2019, eight cities, including beijing, shanghai and one province in hainan, had introduced a vehicle-restriction policy. Automobiles are restricted in the form of transhipments and auctions, beijing in the form of transhipments, shanghai in the form of auctions, and guangzhou, shenzhen, tianjin, hangzhou and hainan in the form of transhipments and auctions。
Guangzhou and shenzhen were among the first cities in the country this year to relax car restrictions. On 28 may, guangdong launched a programme to improve the implementation of the institutional mechanism for promoting consumption in guangdong province, which calls for a gradual easing of the vehicle rollover and competition in guangzhou, shenzhen city and for the expansion of the scope of the offer, while other municipalities are no longer required to introduce vehicle restrictions。
Automobiles are an important category of consumer goods and an important component of total retail sales of social consumer goods. The growth in domestic retailing of automobiles prior to 2010 was a positive pull-on for total retail sales of consumer goods as a whole. Beginning in 2011, domestic retail sales of automobiles increased at a much slower rate than total retail sales of social consumer goods。
This broad liberalization of the purchase-restriction policy may be the beginning of this round of car consumption stimulus, and will new cities follow in the future
