Property News · August 22, 2016

FL45H G1T: Why personalised number plates are more popular than ever


The value of rare plates has soared and they are now seen as an investment along the same lines as fine wine or a Rolex. But you needn’t break the bank to get one…The most expensive one of all time is 25 O, selling for an eye-watering £400,000 in 2014. K1 NGS and KR15 HNA sold for more than £200,000. Lord Alan Sugar’s reads AMS 1, and the Queen owns A7, the first one ever issued in London, in 1903. (Earl Russell camped overnight to get his hands on it.) Personalised number plates may still be seen by the nine out of 10 drivers in Britain who don’t have one as the ultimate (and most embarrassing) proof of the super-rich inflated ego, but they are bigger business than ever.Figures released by the DVLA, which began selling personalised plates for the Treasury in 1989, reveal that a record £102m was raised in 2015, a £15m increase on the previous year. Since 1989, the DVLA has sold more than 4.5m registration numbers and raised around £2.3bn for the Treasury. Meanwhile, the value of rare plates has soared and a personalised number plate is now seen as an investment along the same lines as fine wine or a Rolex. “It’s a money-spinner,” says Adam Griffiths, personalised registrations manager at the DVLA, “though we did see a drop in sales from 2007-9, partly because of the crash. Last year was the first time we exceeded £100m. We have a million hits on our website a month.” Continue reading…

Source : theguardian.com
Read more…FL45H G1T: Why personalised number plates are more popular than ever

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