Personal Number Plates - Auction Results August 2010

The Summer auction of personal number plates took place at The Heritage Motor Centre in Warwickshire a couple of weeks ago

Highest prices:

8 O - £55,000
1 TSD - £50,000
1 ORD - £26,500
HYD 3R - £15,100
1 LGP £14,000
1 SOT - £13,100
78 M - £13,000
1 KHH - £12,600
97 G - £12,500
180 SS - £12,200
85 S - £11,600
ELO 115E - £11,500
LYO 1A - £11,000
1 LFJ - £11,000
1 WWG - £10,200
1 NJL - £10,200

All prices are hammer prices and do not include buyers premium, v.a.t. or the £80 DVLA transfer fee.

Of the 1500 registrations available, 340 sold at the reserve or opening bid price. 120 registrations remained unsold after failing to get a bid.

August is supposed to be a quiet month with lots of people choosing to go on holiday to coincide with the school break. It is also traditionally a good time to pick up a few bargains at number plate auctions. However the bargain hunters will have been very disappointed as registrations continue to sell for very good prices.

Just to emphasise how strong the market is at the moment, we did not manage to buy any personal number plates from this auction for our own stock. I accept that we do not pay over the odds for our stock registrations, but even at Simply Registrations we generally manage to spend between £15,000 to £50,000 at each auction.

The good news for anyone who already owns a personal number plate is that whilst prices continue to be so strong, your investment as just as good (if not better) than money in the bank. If you are interested in browsing a selection of cherished number plates click over to the main Simply Registrations website. If you have any questions, why not see if they are already covered in our personalised number plates information and frequently asked questions section.