In the latest DVLA personalised registration mark and private number plate auction that took place last week, yet again had great results and exceeded expectations on certain lot's in the auction. It would seem that some of the reserve prices on registration marks held in the auction are quite unrealistic as the amount they fetch compared to the reserve is a drastic difference. One lot in the auction had a reserve of £450 and sold for £7,500.
It would also seem that it is becoming more and more popular to bid over the telephone and internet rather than attending the auction itself, therefore the reserve prices have already been exceeded before the plate goes under the hammer.
However on the other hand there were quite a few number plates that didn't sell, which will no doubt re-appear in an auction held later on in the year. On saying this DVLA do seem to be struggling to maintain the high standard of registration marks that would have say appeared in the auctions a few years ago! Therefore it is understandable that they would seem to be trying to pull back certain number plates back off old vehicles that are no longer in circulation. This is needed to keep the market for buying private number plates fresh and to keep new registration marks come on the market for sale.