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 Scheme Continues to Drive Sales North
The UK Car Scrappage Scheme continued to boost sales as per the previous month with new car sales for August increasing 6% a year-on-year to just over 67,000. UK car sales for July increased by nearly 2.5%, which was the first rise since April 2008.
August Car Sales – The Best Sellers
1 Ford Focus 4,366
2 Ford… »
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… »
Top 10 Selling New Cars for May
Figures released this week by the Society of Motor Manufacturers and Traders (SMMT) gave support to the theory that the UK Car Scrappage Scheme, which launched on May 18th is attracting the interest of new car buyers to the cheaper end of the market.
New car sales data published for May shows a shift towards the £10k… »
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… »
Despite the Good Start Will the Government’s Support Prove Too Little Too Late
A morale boosting set of initial sales figures have put smiles on the faces of UK car manufacturers and dealerships, as an increased number of consumers have flocked to showrooms since the Car Scrappage Scheme inception. The Government Business Secretary Peter Mandelson said the £300m initiative had “got off to a flying start” and was… »
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… »