There will be a quota of 7,400 personal plates in May up for auction Saturday, 800 less than in April, local media reported.
People in the industry expect that the successful bidding rate for a car plate in May will be less than April's rate of 8.7 percent, the report said.
Beijing cuts license lottery quota
2013-11-06Car plate auction attracts record numbers
2014-04-21Car plate prices remain stable
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