Rosy Outlook
Car sales may have fallen through the floor since the start of the coronavirus pandemic, however the prospects for the personalised number plate sector are still looking rosy with some reports suggesting that sales could keep on rising over the next decade.
Year-on-year growth
Each passing year usually sees sales of private registration numbers grow when compared to the year before and according to DVLA data, the total value of sales over the past decade has been in excess of £800 million. Indeed the value of sales between 2010 and 2017 was £710 million with a further £116 million worth of sales taking place between April 2018 and March 2019.
No slow-down
When private registration sales began to really take off in 2000, the total value of sales was £781 million over the next ten years and this was more than double the total of £308 million recorded between 1990 and 2000. Some experts predict that this growth will continue despite the current downturn in new vehicle sales with a possible £1 Billion being spent on private registration numbers by the end of the decade.
Next week’s Private Registration auction
Currently, there are auctions held every three months and in each one there are usually around 1,250 private number plates for sale. Many of these have a low reserve price of just £250, however there are many more which can command extremely high prices.
The next DVLA registration auction will be held between 13th and 19th May 2020. This was previously a live auction, however it is now advertised as a timed auction.
Find your perfect Private Number Plate
Before bidding for a private registration number at the online auction, it is a good idea to check out our list of private number plates and see if we have in stock what you are looking for. If we don’t then it is worth viewing the bidding tutorial on the DVLA auction website. Once you are familiar with how to bid online, you will need to register as a bidder.
Check out our news articles
You should also read our news articles with many of these providing handy tips and pitfalls to avoid for potential buyers. Forewarned is forearmed so to speak, so make sure that you are fully versed in the practice of online bidding!
