Bidders holding their bidding cards bid for the items during the eighth auction of government vehicles on Saturday, April 11, 2015. [Photo: bjnews.com.cn]

The fever for auctioned government cars has undoubtedly declined in China.

The eighth auction of government vehicles fetched 6.1465 million yuan on Saturday, only 60.57% more than the initial bid price.

Bidders check the auctioned government vehicles carefully in a second-hand car trading market in Beijing on April 11, 2015. [Photo: Xinhua]

In contrast, the auctioned price for the first six auctions surpassed over 70% of the initial price, with three of them even doubled the initial price.

Moreover, two of the 124 vehicles auctioned went unsold this time.