Number Plate Auctions – Shanghai

SHANGHAI will auction 7,500 car number plates, 500 fewer than last month, to individuals and private companies on February 27.

Last month the number plate price in Shanghai climbed to a record high at the first auction of 2010. The average winning bid reached 38,311 yuan (US$5,609), rising 808 yuan from December. The lowest winning tender was 37,800 yuan, edging up 900 yuan from the previous month.