Number Plates News

Chinese Flock to Buy Plates

28 January 2010

The comparatively healthy state of the Chinese car industry was reflected by record sales at this year's first auction of personal number plates.

The average price paid for a custom plate in China is now around the equivalent of £3.5K, up slightly from last year's figure of approximately £3.2K.

About 8,000 plates were up for bids at the latest sale, much the same as at previous events. But the auction attracted a significantly larger crowd of onlookers as well as serious bidders. Apparently many people were eager to get a new plate before the start of the Lunar New Year on February 14th.

The increased demand for personal registrations may also have something to do with Shanghai citizens' concern about imminent changes in the regulations. Many people fear that the government will introduce severe restrictions on bespoke number plate ownership in the run up to and during the World Expo 2010 exhibition, which is to be staged in the city later this year.

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