Numberplate market

In recent years, the private number plate market in the UK has seen considerable growth.

2.4 million registrations sold by DVLA since 1989
295,000 cherished transfers in 2006
12,000 plates auctioned by the DVLA every 12 months
32 million available combinations to buy from the DVLA
£375000 most expensive numberplate “F1” sold in 2008.

As a limited product and with an increasing demand it is clear that private number plates have advanced from being fun or a way to personalise a vehicle

to becoming a viable investment with credible growth potential.

In the primary market, only the DVLA (Driver And Vehicle Licensing Agency) can sell “fist issue” registrations- as a revenue stream for the government it represents a sizeable income (£100m in 2006)

In the general numberplate market- there are a handful of key players and many tens if not hundreds of small numberplate dealers, numberplate traders and sole traders. These numberplate traders and dealers buy and sell plates privately and at numberplate auctions held by the DVLA.

Some numberplate dealers are also DVLA resellers- selling unissued DVLA registrations from the 25million plus number of combinations.

With record breaking numberplates such as F1, M1 and K1NGS, numberplates, the numberplate market and interest in numberplates if firmly here to stay and has a wide and receptive audience.

See also..

dvla select numberplates

Numberplates as an investment