New traffic rules hit auto market

0 CommentsPrint E-mail China.org.cn, January 5, 2011
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Beijing will limit 2011 issuance of new car license plates to 240,000 through a new lottery system. The move came under ever-growing pressure from daily traffic congestion. With the new rule in place, people swamp an official website to try to snag coveted qualification to buy a car while car dealers have seen a sharp fall in business.

 

 

City curb on auto purchases to hit motor insurers hard

The capital city's auto insurance premium income will probably see a slump in growth this year due to curbs on auto purchases by the local government, the city's insurance regulator said on Monday. [Full story]

Car sales enter the slow lane

China's passenger car sales continued to enjoy staggering growth in 2010 thanks to government incentives and the overall economic recovery. [Full story]

Beijing to limit issuance of new car plates

The Beijing municipal government said Thursday it will limit 2011 issuance of new car license plates to 240,000 and implement harsh traffic control measures to ease the city's traffic congestion. [Full story]


•  Beijing to announce traffic rules

 

•  1 car per person plan mulled 

 


Car dealers say Beijing auto rules hurt

With Beijing's new traffic policies in operation and people swamping an official website to try to snag coveted approval to buy a car through the new lottery system, car dealers have seen a sharp fall in business. [Full story]

 

 

Beijing's auto sales crash

Beijing car dealerships endured a cold, lonely Christmas after the city announced Thursday an annual automobile-registration cap that went into effect Friday but failed to immediately relieve congestion. [Full story]

 

Car control sparks buying boom

Beijing's recent effort to improve the city's glued traffic conditions has panicked people into a car-buying spree, the Beijing News reported. [Full story]

 

License plate restrictions may suffer engine failure

In a bid to ease traffic congestion, Beijing recently started a cap-and-lottery issuance system, a policy called by netizens as "the toughest congestion-tackling measure in history." [Full story]

 

•   Not just too many cars, too many traffic restrictions

 

 

By Nov 21, there were 4.67 million cars and 6.197 million people with driving license in Beijing. The bureau predicted that, by the end of this year, the total amount of cars in Beijing would reach 5 million.

 

 

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