Number plate market

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

2.4 million car registrations numbers sold by DVLA since 1989
295,000 cherished number plate transfers in 2006
12,000 cherished number plates auctioned by the DVLA every 12 months
32 million available cherished number plates to buy from the DVLA
£375000 most expensive private number plate “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- hence the term personalised number plates - 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” car registrations numbers- as a revenue stream for the government it represents a sizeable income (£100m in 2006)

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

Some personalised number plate dealers are also DVLA resellers- selling unissued DVLA registration numbers from the 25million plus number plate combinations.

With record breaking number plates such as F1, M1 and K1NGS, private number plates, the personal number plate market and interest in cherished number plates is firmly here to stay and has a wide and receptive audience.

See also..

number plate market

dvla select number plates

Car number plates as an investment

Number plate investment.

www.smashing-plates.com

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