Shanghai restarts license plate price regulation

Since last month's auction price of license plates quickly surpassed the 80,000 yuan mark, this month Shanghai's re-encouragement of control measures to curb license speculation, the average price of license plate auctions has fallen by more than 8,000 yuan.

The results of the November 2013 private car line auction concluded at noon on the 16th showed that the minimum transaction prices for private and private bus lines in Shanghai were significantly reduced. This month, the lowest bid price for Shanghai private car licenses was 75,500 yuan, which was a drop of 6,800 yuan from the previous month. The average bid price for this month was 75,717 yuan, a sharp drop of 8006 yuan from the previous month.