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,”
When you are getting a valuation for your private registration number, think about the fact that certain types of number plate match will lead to much higher worth. These include plates that represent names, initials, models or makes of cars, or words.
The rarity and desirability of any combination of letters and numbers on a registration plate will essentially determine its value on the market. Bear in mind that there is only one version of every number plate in existence, so each is basically rare because it’s unique. But its value requires more than that exclusivity, it must also be worth something to somebody else. People will pay more for a good representation of their name than they will for an average representation of their initials, for instance, so how well a number plate depicts the word, interest, name or initials in question can add or subtract £hundreds or even more from its price tag.
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