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 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… »
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… »
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… »
Hyundai a Winner in Car Scrappage Orders
A survey by Reuters has revealed that the Hyundai Motor Company has so far received more car orders under the government’s car scrappage scheme than any other manufacturer, with sales driven by an interest in lower priced and smaller cars.
Hyundai stated that its new orders for the period April 23 to June 7 amounted to… »
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… »