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 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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