Car dealers pointed out that the price of car ownership licenses originally had a downward trend, but after announcing last week that the number of quotas would be reduced as a whole in the next three months, many car dealers may rush into the market because they are worried that the price will rise, resulting in a comprehensive recovery in the price of this round.

The overall quota for car ownership licenses in the next three months will be cut by 13.7%, setting a new low since 2014. Many car dealers and potential buyers rushed to the front of the quota reduction, resulting in an overall increase in the price of the latest round of car ownership licenses. The composition price of large and luxury cars rebounded to 110,000 yuan, and the price of motorcycles also hit a new high of 12,801 yuan. 14,643

10 The second round of public bidding activities for car ownership licenses ended on Wednesday (October 19) afternoon, and the prices of all groups rebounded across the board. The prices of small and medium-sized vehicles (Group A) to meet mass market demand rose slightly by 588 yuan to 81,089 yuan.

The price of

large and luxury car group (Group B) soared by 14,144 yuan to 110,000 yuan. This is the price of B component after falling to 95,856 yuan in the previous round of bidding activities, breaking through 100,000 yuan again.

The price of the open group (Group E), which is generally used to register Group B models, increased by 3002 yuan to 108,003 yuan.

The price of goods vehicles and buses group (Group C) increased by $4,210 to zero 70,000 201 yuan. The price of motor cycle group (Group D) increased slightly by $1,050 to $12,801. 14,643 Liang Nanxing, chairperson of

Yum Automobile Group, said in an interview that the price of car ownership licenses originally had a downward trend, but after announcing last week that the number of car ownership license quotas would be reduced as a whole in the next three months, many car dealers may be worried that the price will rise and rushed to enter the market, resulting in a full recovery in the price of this round.

After the maximum power output limit is increased, more popular electric vehicle models are listed in Group A Huang Chengshun, general manager of the

Honda dealership Gyamodo, also believes that the reduction in quotas has prompted more buyers to participate in this round of voting. He also pointed out that since the "maximum power output" limit for Group A was raised from 97 kilowatts (kW) to 110 kilowatts, more affordable electric vehicles have been listed in Group A. At present, many private car owners choose to use electric vehicles, so the demand for Group A cars is getting higher and higher.

For the price of B composition rebounded to 110,000 yuan, Cai Sufang, managing director of Volvo car dealer Wearnes Automotive, revealed that the price of B composition was reported at 95,856 yuan in the last round of bidding, which was lower than 100,000 yuan for the first time since May this year, but car sales did not see a significant increase. And when the LTA announced the reduction of the car ownership license quota, sales immediately increased significantly.

As for the winning price of the next round of bidding, Liang Nanxing believes that due to the uncertain market outlook, most buyers will not be willing to spend more than 100,000 yuan to buy a car ownership license, so he estimates that the winning price of the bidding will fall back. Huang Chengshun said that consumers who are interested in buying cars should have already bid in this round, so the winning price of the next round of bidding will be relatively stable.

Cai Sufang estimates that the composition price of B will continue to rise. "The next round of group B is expected to have only about 407 quotas, and there are 385 unsuccessful bids in this round of bidding, which already accounts for more than 90% of the next round, which shows that demand is very intense. And there are still three weeks until the next round of bidding, which is one week more than usual, which means consumers have more time to buy cars," she said.

In addition, the composition price of motorcycles has reached a new high. Chen Shunchang, president of the Singapore Motorcycle Chamber of Commerce, said that the number of car ownership licenses in the motorcycle group could not meet the market demand, and the quota will be reduced by another 12.7% in the next three months. Therefore, the price continues to rise. He believes that the composition price of motorcycles will continue to be at a high level, or even rise further.