The shape of the new registration plate - a two-letter regional identifier, a two-number age identifier and three randomly selected letters - means the plate that identifies a car as being new will be less obvious in the future and, according to AutoProVision editor Bill Carter, will lessen in importance. He said: 'These initial September plate cars will therefore be worth slightly less than the 3% premium normally experienced by a new plate.'
Both Glass's and CAP Network agree that only fleets operating short-term replacement cycles - typically rental fleets - will see any adverse residual value impact. This week Carter said: 'When the first wave of ex-rental cars come back into the marketplace at around a year old, there is still likely to be a considerable ignorance among used car buyers about the new number format. These cars will need to be marketed carefully to ensure the right return is obtained.'