Bahrain to introduce number plate auction
Bahrain will soon introduce special new private vehicle number plates thorough the auction of registration plates.
The auction of the number plates will be administered by a new government company, in which the revenues will be referred to the Ministry of Finance, said Shaikh Nasser bin Abdulrahman Al Khalifa, the Ministry of Interior Under Secretary.
He said the step, announced as part of the directives of Interior Minister Lt-General Shaikh Rashid bin Abdullah Al Khalifa, is in line with the kingdom’s commitment to the principles of competitiveness, fairness and sustainability.
Following the sale of vehicle numbers at the auction, the General Directorate of Traffic will issue a certificate of ownership to the buyer.
He clarified that the private vehicle number plates already in circulation will remain the property of their current owners, as all the numbers that will be auctioned are new.
When you are getting a valuation for your private registration number, think about the fact that certain types of number plate match will lead to much higher worth. These include plates that represent names, initials, models or makes of cars, or words.
The rarity and desirability of any combination of letters and numbers on a registration plate will essentially determine its value on the market. Bear in mind that there is only one version of every number plate in existence, so each is basically rare because it’s unique. But its value requires more than that exclusivity, it must also be worth something to somebody else. People will pay more for a good representation of their name than they will for an average representation of their initials, for instance, so how well a number plate depicts the word, interest, name or initials in question can add or subtract £hundreds or even more from its price tag.
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