The main factors affecting the price of cherished registration numbers are:
Competition (popularity/demand)
Let’s use initials as our example. There is a larger potential market, and thus more demand, for registrations containing the initials JS than for those containing UY. There are many John and Jane Smiths competing for each JS number, but very few Ulysses Youngs looking for UY plates
Exclusivity
The large sums paid for ‘number 1’ plates such as F 1, 1 RH, 1 HRH and 1 O reflect the relative scarcity of such registrations. Not only is the number of these plates limited, but owners are often reluctant to part with them.
Visual impact
The more closely a registration number resembles a name or word, the more desirable it is and,consequently, the more valuable. For many words and names there are several possible ways to represent them on a car registration. The best approximation will be the most valuable.
Plates such as the one pictured on the classic Jaguar above can fetch considerable amounts in auction. These plates are much sought after and can make an attractive portfolio for keen investors.
Partly inspired by the growing number of spectacular prices that have hit the headlines in recent years, more and more purchasers seem to be selecting their car registration purchases with a speculative eye.
The main factors affecting the price of cherished registration numbers are:
Competition (popularity/demand)
Let’s use initials as our example. There is a larger potential market, and thus more demand, for registrations containing the initials JS than for those containing UY. There are many John and Jane Smiths competing for each JS number, but very few Ulysses Youngs looking for UY plates
Exclusivity
The large sums paid for ‘number 1’ plates such as F 1, 1 RH, 1 HRH and 1 O reflect the relative scarcity of such registrations. Not only is the number of these plates limited, but owners are often reluctant to part with them.
Visual impact
The more closely a registration number resembles a name or word, the more desirable it is and,consequently, the more valuable. For many words and names there are several possible ways to represent them on a car registration. The best approximation will be the most valuable.
Plates such as the one pictured on the classic Jaguar above can fetch considerable amounts in auction. These plates are much sought after and can make an attractive portfolio for keen investors.
Partly inspired by the growing number of spectacular prices that have hit the headlines in recent years, more and more purchasers seem to be selecting their car registration purchases with a speculative eye.