With interest rates and other investment at all time lows, investors are looking for alternative places to put their cash. One such place is the personalised number plate sector and it is the DVLA who are cashing in on this trend.
The DVLA are reporting an increase in the amount of interest in their exclusive number plates, which are sold at the DVLA number plate auctions the most recent took place at Whittlebury Hall in Northampton, last week.
One customer spent £94,000 on the registration number 3 S, Spencer Day a venture capitalist. Mr Day, a 38-year-old, said: “There’s no better time than at present to invest money in personalised registrations. While I have no immediate plans to sell it, I am confident 3 S will give me a healthy return on my investment.”
The DVLA hold around six of these auction every year, Damian Lawson, DVLA Personalised Registrations’ Marketing Manager, said: “Forty per cent of our all time top 10 selling number plates, which spans over 100 auctions and almost 20 years, have been bought since September 2008 and more and more buyers are telling us they’re investing in our registrations.”
The star of the show was no doubt the number plate with 1 HRH; the new owner paid £210,242 for it. The Berkshire-based businessman who bought 1 HRH, added: “In my mind, there aren’t many registrations that can better 1 HRH. While bought as an investment, it will be placed on one of my cars.”
Source [Easier]
