The average price of a personal license plate hits 20000 yuan
2013-July-31 Source: Radio Guangdong website
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After the new policy on the limitation on car license plates in GZ is carried out in July, competition over the license plates becomes more intensive. A bidding took place last week, with the lowest price for an individual license plate hitting18700 yuan, up nearly 5,000 yuan over last month.

 After a round of bidding, the average price of individual plate created a record high of 20000 yuan. Even for companies and organizations, it will cost no less than 12500 yuan to purchase a license plate. Only 4,000 license plates were available for the bidding this month for the individuals and companies, whereas more people took part in the bidding amid concerns over the car license plates getting more and more expensive as the new policy will last for five years.

Editor: Olivia
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