It seems nothing can stop Shanghai's plate price from setting new records because of the fear and expectation of price hikes in near future, the salesman added.
Meanwhile, a new regulation introduced to rein in price speculation in July did not work as well as expected.
The rule, which extends the period that motorists must keep a license plate from one year to three years, was expected to deter scalpers from reselling. But the average price of Shanghai's car plate has increased more than 28 percent since the rule was introduced.
