In a shifting global economy, more and more alternative investment avenues continue to arise. According to a survey of financial advisors conducted by Forbes, recommendations for alternative investments increased from 25% in 2020 to 55% in 2024.
Among the reasons driving this demand are the need for diversification against uncertain market forces and greater asset growth.
As more investors search for their next opportunity, one surprising alternative investment is growing in popularity: private number plates. Private number plates are swiftly gaining traction as a lucrative and unique investment option.
With over 35 years of experience buying and selling personalized and private number plates, CarReg is ahead of the curve and positioned as a natural leader in this growing market.
The Rise of Private Number Plate Investment
Personalized and private number plates are an exciting alternative investment opportunity for diversifying and growing assets. According to The Independent, personalized number plates, especially those with two initials, are experiencing a boom, with investments in these plates showing higher returns than traditional items such as watches and classic cars.
The article lists one example of a particular plate purchased for £20,000 in 2020 and then sold again for £40,000 in 2021. The DVLA releases new registration plates twice yearly, in March and September, and owning a unique plate in the UK has become a multifactor asset: a status symbol, an investment, and a statement of the owner’s individuality.
The Challenges of the Private Number Plate Market
Although the returns on some of these private number plate purchases have drawn in eager investors, rapid growth increases the possibility of market saturation. Choosing the proper plate can also be crucial for success because the value of a plate is often determined by the demand for what it displays. The most sought-after combinations, usually single letters and numbers, rarely change hands.
To help new entrants pursue opportunities in this market, CarReg offers its years of experience and expertise. Their website contains resources for finding valuable plates and guides for making the most of them.
The Value Provided By CarReg
As a respected member of important governing bodies within the UK and a registered reseller of DVLA registrations, CarReg simplifies acquiring private vehicle registration plates. Their services include personalized guidance, a secure transaction process, and access to a vast inventory.
CarReg has the added convenience of local offices for buyers and sellers to purchase and collect their plates.
One factor that sets CarReg apart from other companies in this market is a commitment to security and customer service. Since their founding in 1988, the CarReg team has maintained a passion for private number plates and helping others experience this trade’s joys and benefits.
New Investment Opportunities in Private Plates
Like classic sports cars and finely crafted watches, private number plates represent both a luxury and financial opportunity. As the demand for unique investment avenues rises, unique plates have emerged as a significant asset.
After operating in the personalized and private number plate market for over 35 years, CarReg stands ready to assist newcomers interested in investing in plates. Their collaboration with governing authorities and local collections offices, commitment to security, and excellent customer service set them apart from others in the field.
If you want to explore what this growing investment trend offers, you can learn more by visiting CarReg.