Sun, 02 Feb 2025

Personalised number plate sales soar: 'I own 220'

Private plates are increasingly being seen as an investment, often never even being used on a car, say experts.

* Over 1.2 million transactions took place in 2024, a more than double from 2014's 500,000.
* The DVLA raised £276m for the government from personalised registrations in the last financial year.
* The value of private number plates depends on the popularity of the combination of numbers and letters.
* Private number plates are increasingly seen as an investment opportunity, with many owners buying them to resell at a profit.
* Plates can be bought for less than £50, but some combinations can fetch hundreds of thousands of pounds.
* The market for previously used plates has tripled since 2014 to about 800,000 transactions.
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