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Sales In Private Number Plates Are On The Rise!

Record numbers of drivers are splashing out on personalised number plates, according to research.

Since the Government allowed the DVLA to auction private number plates in 1989 it has sold more than 1.5 million.

This has raised more than £600 million for the Treasury, according to Halifax Motor Insurance.

During the first year only 658 private registration plates were sold, but by 2001/2002 this had soared to 236,000, raising £92 million for Chancellor Gordon Brown.

The group said that there were 29 million cars in the UK, and that drivers in the South East were most likely to buy a personalised number plate, followed by those in the North West and Scotland.

The cost of a personalised plate could vary enormously in price, from just £250 to several thousand pounds – the private number plate MG 1 was put on the market for £275,000 earlier this year.

Mike Pickard, product manager of Halifax Car Insurance, said: "People who buy personalised number plates are contributing millions of pounds a year to the Treasury, but this is not being pumped into roads or road safety improvements.

"Wouldn't it be good if the Government were to take some of this windfall and boost the £27 million yearly road safety budget to make all of our roads safer?"