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Registration plates have been issued in Victoria since 1910. In 2007 Victorian residents saw the introduction of Signature plates, which gave people an opportunity to display just two initials, or their initials combined with one or two numbers. These plates evolved into the prestige plates range, which offered combinations in silver and gold.
A number of custom plate options are now available in Victoria, issued by V Plates on behalf of VicRoads. Custom or personalised plates come with the optional purchase of a contract. This contract allows the plate holder to retain the plates whether on a vehicle or not. Holding a contract on certain plates, means that when the plates are no longer registered, they cannot be resold/issued to another person unless the contract holder sells the contract. VicRoads (who own V Plates) do not know the cumulative figure of the total number of custom registration plates sold since they were first launched in 1986. This is because many personalised plates are not on vehicles, they are held on self-retention or have been handed back to VicRoads. However, VicRoads do know that around 30,000 sets of custom registration plates are made every year, and they estimate 10 percent of registered vehicles have custom registration plates, ultimately revealing how big the marketplace is for personalised number plates in Victoria.
For further information regarding Victorian plates visit - VPlates .com.au