Tag Archive
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… »
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… »
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… »