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.
“Once you’ve bagged that number plate – if it’s a good one it adds value to it. Some are iconic and will be sought after. Some of the best are simple but exquisite.”
The biggest went for £180,000 in May last year – for KR15 HNA – which was a new British record for the most expensive current style personalised registration plate.
Today, plates with just one number and two letters cost an estimated £60,000, 20 times more than the early 1990s, when drivers could expect to pay somewhere between £3,000 to £5,000.
A DVLA spokesman said: “Many people enjoy displaying a personalised registration number and the general sale and auctions remain extremely popular with the public.
“Since we began selling personalised registrations we have raised around £2.3 billion and all the money raised is passed to the Treasury.”
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