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Car Dealer Lookers Calls For Scrappage Scheme Extension

By Scrapman

Following on from Pendragon’s call earlier this week for the UK’s Car Scrappage Scheme to be extended, car dealer Lookers has also said it would like to see the scheme continue into next year.
The plea comes after the dealer announced half year profits of £8.6m, down from £13m last year. “The car scrappage scheme has… »

Parkers Still Don’t Understand The Scrappage Scheme

By Scrapman

The Times Online have reported that manufacturers and dealerships who were previously offering loans to prospective buyers at interest rates below 4%, have been increasing said rates to over 10% for some Car Scrappage Scheme deals.
It is alleged by Parker’s car price guide that potential buyers would achieve a better overall deal by ignoring the… »

Scrappage Scheme Is A Wiz For Baby Boomers

By Scrapman

It’s our baby boomers, which are being driven to the Car Scrappage Scheme according to the UK’s largest dealership.
Retirees are flocking to showrooms having thought through the economics and opportunities on the UK forecourts. Trevor Finn, CEO of Pendragon has said the large proportion of interest in the scrappage scheme was coming from retired motorists…. »

VAT Dispute Affects Scrappage Scheme Car Dealers

By Scrapman

Car buyers planning on purchasing new cars through the Government’s Car Scrappage Scheme may find they’re unable to drive-off the forecourts when the scheme goes live on Monday 18th May, due to a VAT row between manufacturers and the Government.
Manufacturing bosses are claiming the Car Scrappage Scheme has plunged into chaos due to a Government… »

The Very Latest Car Scrappage Scheme Survey

By Scrapman

The very latest Car Scrappage Scheme Survey is revealing over 50% of those surveyed and interested in the scheme are serious buyers.
Nearly 75% of those surveyed are looking to trade in their old motor for a new £10,000 or below model. It would appear dealerships offering attractive deals on the fuel efficient lower end market… »

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