Video China World Entertainment Sports Lifestyle  
 

First batch of government cars auctioned

0 Comment(s)Print E-mail CNTV, January 26, 2015
Adjust font size:

 

The first batch of premium sedans formerly owned by the central government has been auctioned off in Beijing. This comes as part of the government's effort to cut down on official spending and increase transparency. These cars have been in high-demand among the public.

The first batch of premium sedans formerly owned by the central government has been auctioned off in Beijing. 

The first car sold was a 9-year old Volkswagen, for 60-thousand yuan. The competition was fiercer than organizers expected.

"This is the very first time we hold a car auction like this. During the preview event in the last two days, we received more than 3,000 people. We're very suprised to see so many people here today." Said Cai Haiyuan, deputy derector of Asian Games Village Automobile Exchange Market.

CCTV reporter Hou Na released more details, "The first batch of 304 premium sedans formerly owned by the central government and various sub organs is being auctioned here. Official cars have been taken out of service as part of reform measures that began last July to slash spending on government vehicles."

The first batch of premium sedans formerly owned by the central government has been auctioned off in Beijing. 

Central authorities decided to sell the vehicles last year, as part of an ongoing frugality campaign. Bidders said they believed the former government cars to be more reliable than ordinary second-hand vehicles.

"I think the official cars are in better shape compared with other second-hand cars in the market. I'm also supporting the anti-graft compaign." One of the bidders said so. Another bidder said, "I had a budget of around 100-thousand yuan. I think the cars here are in better condition and better and more stable insurance."

Almost 3,200 vehicles impounded by the central government are waiting to be sold, but records show government-owned sedans in China could number in the millions.

The money raised by the sales will go to the central treasury with the auctions taking place under the watchful eyes of auditing agencies and the public.

More auctions of government vehicles are expected to be held nationwide in the near future.

 

Follow China.org.cn on Twitter and Facebook to join the conversation.
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter