The popularity of license plates in a wide range of markets is set to continue to grow.
According to data released by the National Automobile Dealers Association (NADA), sales of personalized license plates, also known as personality type plates, increased in July for the first time since the first half of 2017.
The average price of a personalized license plate in July was $2,723, up from $2 and $2.50 in July 2016, respectively.
In addition, the average price for a license was $1,619, down from $1.66 in June 2017.
In addition, there were approximately 6.7 million new personalized license-plate sales, an increase of 1.3 percent from the same time last year.NADA also reported that the average cost of a license-plates is now $8.75, up 2.6 percent from $8 in June.