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,”
More Britons are personalizing their car number plates than ever before, according to the Driver and Vehicle Licensing Agency (DVLA). In the past year, the Treasury made a record total of £102 million — £15 million more than 2014-2015 from an estimated 335,000 registration plates purchased by drivers in the U.K.
The DVLA started selling personalised number plates in 1990, with just 77,745 purchased between 1995-96 — four times less than today. At present, the DVLA boasts 47 million plates on offer to drivers across the country, which can be bought online or at auctions.
The DVLA says almost 335,000 registrations were sold in the last year – more than four times the figure in the mid-Nineties.
A spokesman for the AA welcomed the news, saying: “It puts a smile on people’s faces and raises money for the exchequer – what’s there to complain about?
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