Bahrain to introduce number plate auction
Reg Plates ArticleBahrain 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.
How popular any name or initial it contains is: You are more likely to get good money for a registration plate that spells out a name like 5UE than you are with a more unusual name, simply because there is more demand for Sue (or Dave or Mel) than there would be for Hector, Primrose or Zebedee
How valuable the letters and numbers the plate contains are: in terms of numbers, lower numbers with fewer digits tend to be the most valuable when reselling personalised number plates, making BOB 1 more valuable than BOB 379. Sequential numbers (123, 456 etc.) and repeated numbers (444, 88) are more popular than random combinations, and special occasion numbers like 18 and 21 can also boost a number plate’s value a little. In terms of the letters in a number plate, the likelihood of a series of letters being a name or a person’s initials increases the value of the plate, too.
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