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License plates quota announced

THIS month's quota for vehicle license plates has been set at 6,000, 800 more than last month, the Shanghai International Commodity Auction Co Ltd announced. The auction will take place on March 21.

Of the 6,000 plates, 19 are for motorcycles and 187 are reserved for businesses changing motorcycle plates to car plates.

The average price for a car plate in February rose to 33,394 yuan (US$4,882), an increase of 3,995 yuan from a month earlier. The lowest successful bid increased 4,400 yuan to 33,000 yuan.

There were 16,848 bidders last month, 304 more than the previous month.


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