Tuesday, February 21, 2012

Minimum price for a number plate of car: RMB55,400!

Shanghai's private car quota auction for this month is held today. 
In total, 8,000 license plates are put on auction, unchanged from last month. 
23,391 bidders are participated in the auction this month. 
The lowest successful bidding price for a license plates is RMB55,400 (apprximately US$9,000), the average price is of RMB55,632. 
It is the record high. Many Shanghainese car owners exclaimed that "the number plate in Shanghai has become a crazy expensive metal ".

read more news from chinanewsheadlines.com

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