Tag Archive
Car Scrappage Scheme Extended!
The Car Scrappage Scheme which was due to end this month has been extended for up to a month, Business Secretary Lord Mandelson has announced.
So far some 330,000 have been ordered under the scheme. However, with a limit of 400,000 vehicles which can be scrapped, a further 70,000 people could still take advantage of the deal.
The Government… »
Car Scrappage Rush Before VAT Rise
New car registrations were up 57% in November compared to the same period in 2008 as buyers rushed to take advantage of the Government’s car scrappage scheme before VAT reverts to 17.5% in the new year.
Of the 158,082 sales last month, 21.6% were attributable to the car scrappage scheme, which is due to end in February or… »
Car Scrappage Schemes Across Europe Drive Sales North
New car registrations across Europe increased 6.3% in September, thanks largely to car scrappage schemes in the continent’s major markets.
Sales rose to 1,388,136 as a result of double digit increases in four of Europe’s biggest five markets, with Germany leading the way in percentage terms and the UK in volume.
The European Automakers Association (ACEA) reported… »
UK Car Scrappage Scheme to be Extended Announces Mandelson
The UK Government has announced it is to extend its Car Scrappage Scheme beyond the original £300m allocation that was initially set aside.
Speaking today at the Labour conference in Brighton, business secretary Lord Mandelson said that the scheme, which is running out of money, would be extended to cover approximately 100,000 more cars and vans.
The… »
Deloitte Claims Scrappage Funds Could End This Week
The Engineering Employers Federation (EEF) has called for the UK Government to extend the Car Scrappage Scheme or risk further jobs losses and a continuing recession in the British manufacturing industry. The EEF. which acts as a lobby group for the UK motor industry, warned manufacturers of a ‘w’ double-dip style recession if additional scrappage funds… »
Warning of Serious Blow to UK Car Industry
“If the scheme ends in October and is followed by a 2% increase in VAT in January it will be a serious blow to the British car industry that’s just getting back on its feet.” warns Paul Everitt, CEO – SMMT.
Executives from the motor industry met with Business Secretary Lord Mandelson last week and called… »
Scrappage Scheme Drives Car Sales to First Rise in Over a Year
New car sales in July rose year on year for the first time in 15 months as the Government’s Car Scrappage Scheme encouraged more buyers back into dealerships. Registrations rose 2.4%, the first rise since April 2008 and the Society of Motor Manufacturers and Traders (SMMT) were quick to declare the car scrappage scheme as… »
Scrappage Scheme Means A Big Boost for Mini Market
Year-on-year new car registrations fell by nearly 16% in June, compared to the 25% fall in May. However, the Car Scrappage Scheme has started to have a positive affect on the UK motor industry with this fall in sales being the smallest since July 2008.
The Society of Motor Manufacturers and Traders (SMMT) confirmed 176,264 units (cars and… »
Toyota Respond to Claims by Parkers and Times Online
Following our previous Car Scrappage article concerning the Times Online claims that manufacturers and dealerships are offering higher interest rate loans for some Scrappage Scheme deals, together with Parkers’ opinion that buyers would be better off avoiding the Scrappage Scheme altogether, the Car Scrappage Team decided to look further into these comments. And we weren’t impressed.
We specifically assessed the Times Online claims regarding Toyota’s Scrappage… »
Parkers Still Don’t Understand The Scrappage Scheme
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… »