Tag Archive
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… »
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… »
Car Scrappage Arrives Too Late To Save May Sales
The official stance is that it will take time for the Car Scrappage Scheme to take full effect, but the latest industry sales figures have raised a few eyebrows.
The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales for May 2009 plunging 24.8% to 134,858 compared to May ‘08. Furthermore, this is… »
Car Scrappage Scheme Risks and Pitfalls for Motorists
Motorists looking to trade in their old cars under the Car Scrappage Scheme launched today (18th May) risk being turned down because small print within the scheme requires the new car to be registered at the same address as the old vehicle.
Any motorist failing to do so will need to provide evidence… »
Only 30% of Approved Treatment Facilities will benefit from the Car scrappage Scheme
Scrapped cars declared through the car scrappage scheme will go through the car manufacturer’s usual end-of-life treatment facilities rather than being offered to the whole scrappage industry. Therefore, only small proportion of the AFT providers will benefit.
The Department of Business Enterprise and Regulatory Reform (BERR) stated that cars will be dealt with as ordinary end-of-life… »
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… »
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… »