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#334383 - 6th Jul 2009 1:42pm Scrappage Scheme Helps Car Orders
MissGuided Offline

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Registered: 18th Jul 2008
Posts: 9995
Loc: Back of the wardrobe
The UK's car scrappage scheme has started to have a "positive impact" on the industry as new car sales fell at their slowest rate for almost a year.

New car registrations fell by 15.7% in June compared with the same month last year, smaller than May's 25% drop.

The Society of Motor Manufacturers and Traders (SMMT) said 176,264 units were sold during the month.

The scrappage scheme, which offers a £2,000 incentive to scrap old cars, accounted for about 10% of sales.

The scheme came into effect on 18 May.

Car buyers are given a £2,000 discount on a new car if they scrap one that is at least 10 years old. Half of the money will be paid by the government and half by the car industry.

The SMMT said 29,796 vehicles had been sold under the scrappage scheme since its start, while government figures show that, up to 21 June, some 87,000 orders had been placed.

The Department for Business, Innovation and Skills says that at this rate, the scheme would be exhausted by the end of October. It had first forecast that it would last until March.

Professor David Bailey, director of Coventry University Business School, said the pressure would be on the government to extend the scheme into the new year.

But the business department is "adamant" that there are no plans to extend it.

CARS SOLD IN JUNE THROUGH SCRAPPAGE SCHEME
BMW - 160
Fiat - 1,743
Ford - 2,066
Honda - 813
Hyundai - 3,042
Kia - 1,321
Nissan - 1,662
Peugeot - 715
Suzuki - 916
Toyota - 2,586
Source: SMMT

Full article here...
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#334500 - 6th Jul 2009 5:11pm Re: Scrappage Scheme Helps Car Orders [Re: MissGuided]
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
And again, the government help the foreign companies!!

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#334505 - 6th Jul 2009 5:33pm Re: Scrappage Scheme Helps Car Orders [Re: MattLFC]
StuyMac Offline

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Registered: 24th Nov 2003
Posts: 12002
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Its hepling the whole industry Matty - they cant tell you which car to buy smile
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What If There Were No Hypothetical Questions?

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#334506 - 6th Jul 2009 5:37pm Re: Scrappage Scheme Helps Car Orders [Re: StuyMac]
MissGuided Offline

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Registered: 18th Jul 2008
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Does the UK seriously have a its own car industry any more?
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#334508 - 6th Jul 2009 5:41pm Re: Scrappage Scheme Helps Car Orders [Re: MissGuided]
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
No, labour killed that unfortunately. Just amazes me how they can offer hundreds of millions to certain totally foreign-owned industries, whilst other BRITISH companies and industries go to the wall...

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#334509 - 6th Jul 2009 5:42pm Re: Scrappage Scheme Helps Car Orders [Re: StuyMac]
MattLFC Offline
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Registered: 14th Aug 2004
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Loc: Moreton/Beirut/Mobile
Originally Posted By: Beaker
Its hepling the whole industry Matty - they cant tell you which car to buy smile

And how many of them companies are British...

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