Chipped Security Number Plates
Reg Plates ArticleChipped Security Number Plates
VEHICLES in the country can look forward to using number plates that come with security features in the near future.
That is an innovation which Penang-based name plate manufacturer Volcano Name Plate Sdn Bhd is planning to introduce to the local and regional market with the help of its European partner.
“Vehicle number plates with QR Code, hologram, UV prints or radio frequency identification (RFID) chips are very popular in Europe as these innovative security features protect the vehicle plates against falsification.
“The RFID chip, for example, allows the number plates to be tracked when they are stolen,” shares Volcano managing director Nelson Ch’ng.
Ch’ng says the company is currently looking into an appropriate business strategy to grow this new segment.
“We will need to inject about RM30mil for a fully automated production line to produce the new number plates,” he says.
You might notice one while sitting at a red light or tailing someone too closely on the highway.
Often, they’re straightforward enough. Other times, they act as short cryptograms, sparking debate among drivers and passengers: What in tarnation does that vanity license plate mean?
The personalized plates are used to convey all kinds of messages with just a handful of letters -- jokes about a family surname, a tongue-in-cheek reference to a profession or an ode to a favorite sports team.
But some vanity plate requests are made in vain. State departments of motor vehicles have a license to kill any plate they deem inappropriate. In 2016, 1,302 plates were rejected in Virginia. In the same year, Tennessee rejected just 18.
Remember that, despite valuations and estimates, a private number plate is only worth as much as someone will pay for it. You may have loved your personalised number plate because it contains your initials, for example, but if there aren’t many other people with your initials, the plate’s value may be minimal. On the other hand, if you have a plate whose letters contain common or popular names, you may well find that it is in high demand on the market.
Some criteria to consider when valuing a personalised car number plate
Take into account the following criteria when trying to come up with a valuation for your private number plate. You need to look at them all together if you want a realistic price, so you can’t just pick and choose the factors that favour your number plate!
- FREE TRANSFER SERVICE - your paperwork is handled by our trained team
- OVER 30 YEARS EXPERTISE - long established and trusted company
- DVLA RECOGNISED RESELLER - linked directly from the DVLA website
- TRADE ASSOCIATION MEMBERS - MIRAD and CN Guild members
