Buyers bid up prices for plates
By Xie Yu in Shanghai | China Daily | Updated: 2012-09-19 08:07
Prices for Shanghai license plates keep surging, as peak car-sale seasons and the National Day holiday approach.
As the monthly auction ended last week, the average bid for a new plate reached a record 66,425 yuan ($10,540), which was 3,866 yuan higher than last month.
On the other hand, prices for secondhand license plates surpassed 71,000 yuan.
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