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CNBC AI News, July 31st – A video of a woman in Nantong, Jiangsu Province, China, drawing a license plate bearing the coveted “five 8s” (88888) sequence at a local vehicle administration office has ignited a social media frenzy.
Unconfirmed rumors quickly spread online, alleging a rapid-fire transaction: “Bought the car at 8 AM, registered it at 9 AM, and flipped it for 2.8 million yuan ($388,000 USD) by 10 AM,” capitalizing on the plate’s perceived value exceeding that of the vehicle itself.
However, the woman and the dealership involved have publicly refuted these claims in a video statement. She stated that she has no intention of selling the car, given her unexpected stroke of luck, and urged the public to disregard the circulating misinformation.
Eyewitnesses reported that the scene outside the vehicle administration office became a flurry of activity after the draw. “Numerous used car dealers approached her immediately to negotiate,” one source stated. “The highest offer reached 1.1 million yuan (approximately $153,000 USD), but she declined and drove the car away.”
Under Chinese regulations, vehicle license plates are registered to the owner, not the vehicle, preventing their direct sale or transfer. The original owner retains the plate even if the vehicle is sold.
Individuals owning multiple vehicles can, under specific conditions and after a defined period, swap license plates between their registered vehicles.
However, exceptions exist. Certain “leopard number” plates, particularly those with auspicious repeated digits, are deemed highly valuable and are often auctioned off by authorities.
Previous reporting details how a “Yue V99999” license plate in Jieyang City commanded a starting bid of 500,000 yuan, ultimately selling for a staggering 3.2 million yuan (roughly $445,000 USD).
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Original article, Author: Tobias. If you wish to reprint this article, please indicate the source:https://aicnbc.com/6039.html
