March 2017 Huge Increase In Car Number Registrations
According to the car industry trade body, March has been the best month to date for UK car registrations.
The Society of Motor Manufacturers and Traders (SMMT) said there was a total of 562,337 new cars registered in March, this is up by 8.4 per cent on the same month last year.
These figures were boosted by the change in the number plate in March, as well as the changes to the Vehicle Excise Duty (VED).
Many customers would have benefitted by buying a car before 1 April, changes in the way cars are taxed came into effect on this date.
Anyone looking to buy a low-emission car would have had an incentive to buy before the 1 April.
Mike Hawes, SMMT chief executive, said: “These record figures are undoubtedly boosted by consumers reacting to new VED changes, pulling forward purchases into March, especially those ultra-low emission vehicles that will no longer benefit from a zero-rate fee,”
How much similar registration plates have sold for recently and in the past: it is always worth looking at what has been going on in the private registration plate market recently to add extra weight to the valuation of your own number plate. It is a market that is not immune from trends, so keep a close eye on what has been selling well and see if your plate has any similar features
The age of the plate: older plates tend to attract higher prices and dateless number plates (the first ones ever issued) normally call for the highest prices on the market
The plate’s rarity: if a lot of similar registration plates were issued, your plate may be less valuable. So, the relative rarity of older, dateless number plates makes them more valuable, as a whole, than newer, dated plates. Similarly, having a private plate with a word or name spelled out on it gives it a degree of rarity that would raise its value.
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