26 February 2020

Car plate prices up slightly in Shanghai auction, paper says

Car license plate prices in Shanghai rose slightly at the year’s last auction before a rigid price ceiling mechanism comes into force next month, Shanghai Daily reported on Sunday. The average price of a license plate rose to 76,093 yuan (US$12,532) at the Saturday auction, up 376 yuan from last month, it said, citing the Shanghai International Commodity Auction Co. The lowest winning bid was up 500 yuan at 76,000 yuan. 

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