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Details relating to the Car Scrappage Scheme

The car scrappage scheme as announced by the Government in the 2009 Budget is to run between mid-May 2009 until March 2010 and enables British car owners to receive a £2,000 subsidy towards the purchase of new car (or van) if owners trade in their 10 year old (or older) vehicle for scrappage.

The £2,000 subsidy consists of £1,000 from British Government and £1,000 from the car dealer. While the car scrappage scheme is voluntary, and therefore not all manufacturers may actually participate, various renowned car manufacturers and dealers are participating in the scrappage scheme.

Details relating to the +10 year old vehicle which is to be scrapped; -

•    A passenger car or small van up to 3.5 tonnes.
•    First registered in the United Kingdom on or before 31 July 1999.
•    Currently registered with DVLA to the registered owner making the application, or currently on Statutory Off Road Notification (SORN).
•    Have a current MOT test certificate.
•    The registered owner must have a UK address.
•    The owner must have been the registered keeper of the vehicle continuously for the preceding 12 calendar months before the order date of the new vehicle.

Details relating to the new purchased vehicle; -

•    A passenger car or small van up to 3.5 tonnes.
•    First registered in the UK on or after the date the car scrappage scheme is launched and declared new at first registration in the UK with no former owners.
•    UK specification vehicle.
•    Registered to the same named owner as the registered keeper of the eligible vehicle which is to be scrapped.

The final details of the car scrappage scheme are being completed by the government and should be released within the next 3 weeks.

Budget 2009: How the Car Scrappage Scheme will work

Car Scrappage scheme
In an attempt to stimulate British consumer demand for new cars, the British government have announced in this week’s Budget a car scrappage scheme.
It is proposed that the car scrappage scheme will run until March 2010 and effectively offers motorists buying a new car a £2,000 discount if they trade in their +10 [...]

Car industry welcomes Car Scrappage Scheme

“The introduction of a car scrappage scheme will boost the new car market, encourage consumers to get back into car showrooms, and reduce the likelihood of employee downsizing in this sector.” said Paul Williams, chairman of the Retail Motor Industry Federation.
Alistair Darling has finally announced a car scrappage scheme during the 2009 Budget, where motorists [...]

Beleaguered Car Industry Welcomes Car Scrappage Scheme

The chancellor bowed to pressure from the automotive industry this afternoon and announced that from mid May, a car scrappage scheme whereby car and van owners whose vehicle was first bought over 10 years ago will be given £2,000 towards a brand new vehicle.
The car scrappage scheme will run until March 2010 or until [...]

Car Scrappage Scheme to start in May 2009.

Budget 2009
As announced by Alastiar Darling during the 2009 Budget on 22nd April 2009;
Car Scrappage Scheme to start in May 2009.  A £2000 subsidy will be issued to owners when scrappging their +10yr old car for the purchase of a new(er) fuel efficient car.
The Car Scrappage Scheme is proposed to run until March 2010.
Further details [...]

ETA and Green Party Oppose Car Scrappage Scheme

The Environmental Transport Association (ETA) and the Green Party have been vocal in their opposition of the Government’s possible car scrappage scheme, which could be confirmed in this week’s budget.
The car scrappage scheme, whereby owners of older vehicles would be given a £2,000 incentive to trade them in for scrap and buy a new vehicle, [...]

11 EU countries offer Car Scrappage Scheme

The European Automobile Manufacturers’ Association (ACEA) is apparently stating that a total of eleven EU countries have now implemented car scrappage scheme programmes in an attempt to address the ramifications of the recession and also promote environmentally friendly cars.
The growing list of EU countries with car scrappage schemes includes: Austria, Cyprus, France, Germany, Italy, Luxembourg, [...]

Chancellor Darling considering a Car Scrappage Scheme

Chancellor Alistair Darling is considering a car scrappage scheme in this week’s 2009 Budget, and the economic factors and a 2010 General Election may influence Darling’s final decision.
Chief executive Paul Everitt of the Society of Motor Manufacturers and Traders (SMMT), believes the UK motor industry is one of only three “globally competitive” manufacturing sectors in [...]

Is the UK next after Germany’s Car Scrappage scheme success ?

Speculation on car revival plans are rife ahead of next week’s Budget, but the road ahead isn’t clear.
Despite the Sunday Times proclaiming the UK Government is on the verge of offering a “£2,000 reward to scrap old cars”, the Government briefings suggested the motor industry cool their ambitions. The conclusion so far is that the [...]

UK steers towards car scrappage scheme

“A scrappage scheme will provide the incentive needed and the evidence is clear that schemes already implemented across Europe do work to increase demand,”
said Paul Everitt at the Society of Motor Manufacturers and Traders (SMMT).
The UK government is likely to introduce a car scrappage scheme for car owners to scrap older vehicles in exchange for [...]