Car Scrappage Scheme

“The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had, increasing new car registrations for the first time since 2008” were the comments of Paul Everitt Chief Executive of The Society of Motor Manufacturers and Traders (SMMT).

New car sales for July 2009 accelerated year on year for the first time in nearly 15 months as the Car Scrappage Scheme encouraged car buyers back into car showrooms. New car registrations increased for the first time since April 2008 by nearly 2.5%. The SMMT declared the car scrappage scheme as an initial success by being the main catalyst for sales increases, highlighting 21% of last month’s registrations were the result of the scrappage scheme.

The Ford Fiesta was the big seller, continuing the buying trend for the majority of car buyers seeking the smaller economy car. Registrations of fuel efficient mini-car market rose more than three-fold in July whilst super-minis saw nearly a 16% rise.

The Car Scrappage Scheme is only set to run until March 2010 or when the scheme’s £300m budget spent. Lobby groups and dealerships are calling for the scrappage scheme to be extended, stating the scheme was earning more in tax revenue for the government than it was costing to fund.

In Europe, demands are being put forward for scheme extensions or alternatively for the schemes to be phased out at a slower rate. The €6bn German scheme is expected to run out of funds by September 2009.

“It’s time for a new generation” says the revered car designer Alfa Romoe. And more to the point, the “new generation” is very affordable, especially through the Car Scrappage Scheme.
Alfa Romoe’s cool 16v Turismo is a snip for the value-for-money market. And this fits with our survey data, which is indicating that the up-to-£10k market is the [...]

Mazda are fully behind the Car Scrappage Scheme with many scrappage scheme offers, including World Car of the Year 2008; Mazda2 1.3 3dr Tamura is available for a discounted On-The-Road Price from £8,275.
With its eye-catching design, intelligent features and superb handling, the agile, fuel-efficient Mazda2 could be the perfect solution for urban lifestyle.
Mazda are very [...]

Fiat are now offering more than the standard manufacturer’s £1,000 subsidy across much of its range of new cars as part of their Car Scrappage Scheme.
Under the Government initiative, manufacturer’s are expected to match the £1,000 Government incentive, however Fiat have decided to offer even more value to new customers taking advantage of the scheme [...]

Our recent Car Scrappage survey is revealing that the Car Scrappage Scheme is appealing to the older demographic who are looking for value-for-money economy models. It may be an opportunity for the baby boomers to cash in the old banger and grace their drive ways with a sleek ultra-modern piece of engineering design.
Peugeot may be [...]

Korean car manufacturer Kia Motors announced at the end of this week that the car scrappage scheme had produced  4,000 in new orders, including one tempting offer of their Picanto being reduced from £6,195 to £4,195. A Kia representative reckoned that after taking into account the scrappage scheme discounts, a new Picanto could possibly cost [...]

Ford and Honda have finally signed up to the UK Car Scrappage scheme after a delay to their involvement following wrangles over tax and dealer-manufacturer agreements.
The pair missed Monday’s launch after they refused to register vehicles due to concerns over whether VAT, now at 15 per cent, is added to the pre- or post-discount price [...]

The very latest figures from the Car Scrappage Scheme Survey confirms over 50% of those surveyed will be particpating.
Furthermore, almost 75% of those proposing to buy are intending on trading in their old vehicle for a new car in the £10,000 or below range, such as Ford and Kia models. Showrooms offering attractive deals on [...]

Significant interest in the Car Scrappage Scheme is coming from elderly motorists according to the UK’s largest dealership.
CEO of Pendragon, Trevor Finn, said the majority of interest being shown in the car scrappage scheme was coming from retired motorists, with one Citroen dealer he visited last week reporting approximately 75% of enquiries coming from older [...]

“I am delighted by the response of the motor industry,” Business Secretary Peter Mandelson announced yesterday. However, the £300m Car Scrappage Scheme stuttered into action on it’s launch day yesterday after Ford and Honda delayed their participation due to concerns regarding VAT arrangements.
Yesterday, Ford stated it had suspended deliveries to dealers until clarification is sought, [...]