Private plate sale makes a mint for DVLA
By: Click4Reg Team
Last updated: 04 August 2014
The Driver and Vehicle Licensing Agency (DVLA) often sell off private plates as a way to raise revenue. The sales are of great interest to motoring enthusiasts who want to snag a specific letter and character combination for their car. Luckily, these one-of-a-kind licenses can be moved between vehicles so, once bought, they can stay in a family for a lifetime. In the latest auction, the DVLA sold off a number of McLaren personalised registrations and made a fortune as a result. The sale was extremely popular and sold off a plethora of plates; many of which were bought for top prices.
One of the McLaren themed plates to go under the hammer was 650 S. At the DVLA auction, it made £40,250; a staggering sum and one that HM Treasury is certainly likely to be thrilled about. Meanwhile, another plate emanating the McLaren brand was MCL 650S, which managed to make £16,000 at the sale. The sale price of 650 S is the highest to be noted in 2014 so far, with the DVLA’s Personalised Registrations Events Manager, Jody Davies, saying she was amazed at the total: “We were astounded by the interest and the battle that ensued around MCL 650S - but it was nothing compared to the level of interest we received in 650 S,” she explained.
However, the two mentioned registrations weren’t the only private plates to sell well during the DVLA’s latest auction, with bidders keen on many of the lots. A high £31,000 was made by AL13 ERT, whilst £23,000 was paid for 24 0. Meanwhile, AV14 TOR made £20,500 and AH11 MED commanded a sale price of £15,000. For the year so far, the DVLA has made £10.4 million in live auction sales. However, the high prices noted at the latest auction are just a drop in the ocean when previous sales are considered. For example, in 2009, the private reg of 1 D made £352,000. Other highly priced combinations include 51 NGH, 1 RH, K1 NGS and 1 O, which made £254,000, £247,000, £231,000 and £210,000 respectively.
With private reg sales being extremely in-demand from motorists, the DVLA is likely to continue offering great plates for sale every time new formats are issued. This is normally in March and September every year, when the year tags are added. For example, in March 2014, the tag was ’14’, whilst in September it will be the year, plus 50; i.e. ‘64’.