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 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… »
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… »
Scrappage Scheme Boosts June New Car Orders
The Society of Motor Manufacturers and Traders (SMMT) has said the UK Car Scrappage Scheme has begun to have a “positive impact” on the industry as the decline in new car sales slowed to its lowest rates for almost a year.
176,264 new cars were sold in June, 15% above the SMMT prediction of 153,000, and… »
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… »
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… »