Tag Archive
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 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… »
Scrappage Scheme Is A Wiz For Baby Boomers
It’s our baby boomers, which are being driven to the Car Scrappage Scheme according to the UK’s largest dealership.
Retirees are flocking to showrooms having thought through the economics and opportunities on the UK forecourts. Trevor Finn, CEO of Pendragon has said the large proportion of interest in the scrappage scheme was coming from retired motorists…. »
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… »
VAT Dispute Affects Scrappage Scheme Car Dealers
Car buyers planning on purchasing new cars through the Government’s Car Scrappage Scheme may find they’re unable to drive-off the forecourts when the scheme goes live on Monday 18th May, due to a VAT row between manufacturers and the Government.
Manufacturing bosses are claiming the Car Scrappage Scheme has plunged into chaos due to a Government… »
The Very Latest Car Scrappage Scheme Survey
The very latest Car Scrappage Scheme Survey is revealing over 50% of those surveyed and interested in the scheme are serious buyers.
Nearly 75% of those surveyed are looking to trade in their old motor for a new £10,000 or below model. It would appear dealerships offering attractive deals on the fuel efficient lower end market… »
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… »
Parker’s Guide Survey Claims Consumers Cool on Car Scrappage Scheme
Kieren Puffet, editor of Parker’s Guide (the car price guide) have stated that many motorists are finding far better prices under existing car deals. “They (consumer) were hoping for a lot more from the government. In practice this scheme is just not working.” Claimed Puffet.
Parker’s surveyed 600 visitors to their web site and found that… »
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… »