Record Levels Of New Reg Plates Registrations

Reg Plates Article

Record Levels Of New Reg Plates Registrations

David Crawford, Chief Executive Officer of the Motor Industry Association says “Registration of 10,635 vehicles for the month of April confirms robust growth in the new vehicle sector which continues to perform above market expectations. It could have been even greater if it were not for supply constraints faced by some distributors. Year to date the new vehicle sector is 13% (5,804 units) ahead of this time last year with 50,059 vehicles registered compared to 44,210 to the end of April 2016.”

Passenger car and SUV registrations of 6,996 units were marginally up 3.0% (207 units) above April 2016. There were 3,639 commercial vehicle registrations for the month of April, strongly up by 15.5% (489 units) on April 2016. It was the strongest month of April on record for the registration of new commercial vehicles.

Toyota remains the overall market leader with 17% market share (1,771 units), followed by Ford with 12% (1,267 units) and Holden with 8% market share (865 units).

Toyota was also the market leader for passenger and SUV registrations with 14% market share (961 units) followed by Mazda with 10% (710 units) and Hyundai with 8% market share (562 units). The top selling passenger and SUV models for the month were the Mazda CX-5 (264 units) followed by the Kia Sportage (250 units) and the Toyota RAV4 (237 units).

In the commercial sector, Toyota was again the market leader with 22% (810 units) followed by Ford with 21% (768 units) and Holden a distant third with 9% market share (322 units).

For the month of April, the Ford Ranger remains at the top of the bestselling vehicle model table with 698 units followed by the Toyota Hilux in second with 571 units and the Holden Colorado with 312 units. Year to date the top three selling models are Ford Ranger with 2,912 units followed by the Toyota Hilux with 2,289 units and the Toyota Corolla with 1,546 units.

For the month of April the top five vehicle segments were dominated by SUV’s and Utes (Pick Up/Chassis Cab), the SUV medium segment being the most dominant with 16% share (1,743 units) followed by Pick Up/Chassis Cab 4x4 with 15% (1,560 units), the SUV large with 12% (1,251 units), the SUV Compact with 12% (1,247 units) and the Pick Up/Chassis Cab 4x2 on 10% (1,112 units).

“Monthly registrations of 10,635 vehicles were the strongest month of April on record, and only the second time since the MIA began collecting data that the month of April has surpassed 10,000 units, the other time was way back in 1982” said Mr Crawford.

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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