All drivers urged to take up DVLA 'investment' from just £70

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The UK Government's DVLA has seen a huge spike in the amount of money it has made from cherished number plates in the last decade, according to new data

The DVLA has seen a significant surge in revenue from private plate sales and transfers, with earnings tripling over the past decade. According to a Freedom of Information request, the DVLA's revenue from personalised registration sales and auctions, cherished plate transfers, and assignment fees has increased from £100.2 million in 2012-13 to £260.1 million in 2022-23.

Steve Gooding, director of the RAC Foundation, commented: "In a world where it can be difficult to stand out from the crowd it's easy to understand why some people are attracted to personalised number plates – call them cherished plates, vanity plates, or just a bit of fun."He added: "Whether it's a pet name for the car or your own initials there's plenty to choose from.

 

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