Electronic Number Plates A Possibility
New electronic number plates will be issued starting next month, about three months later than the Cayman Islands government initially planned.
The Department of Vehicle and Drivers’ Licensing announced Monday that some 2,400 temporary vehicle tags that have been issued in recent months will all be replaced in May. The temporary tags were issued in anticipation of the upcoming effort to switch to the electronic number plate devices.
After May, the department will begin replacing the older license plates and vehicle registrations free of charge when drivers bring in their vehicles for the typical registration renewal.
The new registration plates, which have the numbers stamped at the Department of Vehicle and Drivers’ Licensing facility, are “tamper proof” – they cannot be removed for use on other vehicles.
In addition to the new license plates, corresponding vehicle registration coupons must be installed inside the windscreen. There are specific instructions for doing this, which the department said will be provided with the new license plates.
“I thank the public for their patience,” DVDL Director David Dixon said Monday, adding that the license plate vendor, Tonnjes, has been in Cayman recently, managing the setup of the new licensing system.
The electronic vehicle licensing system has generated significant controversy since its implementation was announced in the Legislative Assembly last summer. The new system cost $1.5 million, according to the vehicles department.
The UK in particular has a relationship with personalised number plates. According to estimates by the DVLA (Driver and Vehicle Licensing Agency), the UK reported an excess of two billion pounds in tax revenue from tax auctions over the past 25 years. As they are keen to state, an expression of interest in a particular plate by three people or more is enough to push the price of that Reg plate through the roof. It has also been documented that the buyers let their hearts take control of their heads when they bid for these plates.
Personalised number plate auctions are constantly rewriting the record books with regard to the highest price paid for a plate. The record currently stands at £518,000 which is quite impressive. The prices of these Regplates does not seem to be slowing down either.
Of particular interest is the recent auction of the highly-hyped 250 C Reg plate which sold for £21,500. This is a clear indication that the expectations for the prices of personalised number plates will continue to increase.
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