Tag Archive
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… »
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… »
Car Scrappage Scheme – Latest Survey Results
The latest Car Scrappage Scheme Survey has revealed some intriguing statistics. 70% of those surveyed are eyeing deals offered by dealerships by looking to trade in their old motor. It could be a summer of activity in the showrooms.
Potential punters appear to be looking at deals amongst the lower market brands, such as the Ford… »
Germany’s Car Scrappage Scheme Slammed as a Waste
A study by economists has claimed that Germany’s car scrappage scheme, whereby a €2,500 government grant is offered to anyone trading in a car 9 years or older for a new model, is wasteful because most claimants would have bought a new car anyway.
The study by the Halle economic research institute IWH, claims that three… »
Car Scrappage Scheme; Under starter’s orders
Although the Car Scrappage Scheme hasn’t officially started, car-buyers interest has already been sparked with manufacturers and dealers reporting increases in website traffic and showroom visits respectively.
Hyundai is reporting that enquiries are up 400% at its dealerships since the scheme was announced, whilst Ford say that its car scrappage scheme… »