Motorpoint Warns Drivers to Avoid Selling Vehicles on New ’74-Reg’ Plate Launch Date

Are you thinking about selling your car soon? Well, you might want to think twice before picking a date, especially if you want to get the best price possible. Motorpoint, a leading used vehicle retail company, has issued a warning to drivers about the potential impact of the upcoming ’74-reg’ number plate launch on September 1, 2024.

According to Tim Rodie, a driving expert at Motorpoint, the introduction of new number plates can lead to a decrease in the value of older models due to the influx of brand-new vehicles on the road. This means that if you’re planning to sell your car, it might be a good idea to do so before the new plates hit the market.

In fact, Tim recommends avoiding selling your car during the first week of March and September to maximize your chances of getting a good price. Additionally, keeping an eye on the age of your vehicle and selling it before it reaches a certain age can help you avoid high depreciation.

But don’t worry, there are also ways to boost the value of your car regardless of its age. Giving your car a thorough clean, both inside and out, and providing potential buyers with detailed information about its maintenance history can make a big difference.

So, if you’re considering selling your car in the near future, make sure to take these tips into account to get the best deal possible. And remember, timing is key when it comes to selling your vehicle in a competitive market like the used car industry.