We may be officially in an economic recession, but the market for good quality private number plates is remaining astonishingly buoyant. In the past few weeks we have seen heavy investment in top end cherished numbers with prices climbing well over the £100K mark. These significant sales continue the trend established by the sales of, among others, S 1 (£404,062), F 1 (£440,625) and 6 B (£130,000), all of which demonstrate the resilience of the private number plates market in the face of widespread financial uncertainty.
It may seem paradoxical that it is the high end of the private registrations market that is displaying the most striking resistance to the gloomy influence of the economic climate. It does, however, make more sense when one considers that many purchasers at that level do not need to secure credit in order to buy. These are often people who enjoy some degree of insulation from the more immediate and acute effects of recession.
Purchasers of expensive number plates are also very often people with a sound understanding of economics and investments. If they consider personal number plates to be a good bet, then we are very happy to agree!