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06/08/2009
Motor Sales Boosted By Scrappage Scheme
Car sales have risen for the first time since April last year, according to the latest industry figures.
The Society of Motor Manufacturers and Traders (SMMT) said 157,149 cars were sold in July, an increase of 2.4% on last July's figures.
The SMMT said that the rise was due to the introduction of the government's car scrappage scheme, which offers £2,000 to motorists who scrap cars registered before August 31 1999 in order to pay a new car.
Paul Everitt, SMMT Chief Executive, said: "The impact of the scrappage scheme is clear and we are encouraged by the positive impact that it has had, increasing new car registrations for the first time since April 2008."
However, Mr Everitt warned that the industry still faced "a long road to recovery" and said that the government needed to ease access to finance and credit, as well as deliver loan guarantees.
The government put £300,000 into the scrappage scheme. It is due to end once the money runs out, but it is now thought that there could be calls to extend the scheme.
In spite of the recent good sales, the SMMT said that it still expected car sales to fall 14.4% to 1.82 million this year, followed by a further 5% fall to 1.73 next year.
(KMcA/BMcc)
The Society of Motor Manufacturers and Traders (SMMT) said 157,149 cars were sold in July, an increase of 2.4% on last July's figures.
The SMMT said that the rise was due to the introduction of the government's car scrappage scheme, which offers £2,000 to motorists who scrap cars registered before August 31 1999 in order to pay a new car.
Paul Everitt, SMMT Chief Executive, said: "The impact of the scrappage scheme is clear and we are encouraged by the positive impact that it has had, increasing new car registrations for the first time since April 2008."
However, Mr Everitt warned that the industry still faced "a long road to recovery" and said that the government needed to ease access to finance and credit, as well as deliver loan guarantees.
The government put £300,000 into the scrappage scheme. It is due to end once the money runs out, but it is now thought that there could be calls to extend the scheme.
In spite of the recent good sales, the SMMT said that it still expected car sales to fall 14.4% to 1.82 million this year, followed by a further 5% fall to 1.73 next year.
(KMcA/BMcc)
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The government's car scrappage scheme has pushed up UK car sales by 6% from a year ago, according to the latest industry figures. The Society of Motor Manufacturers and Traders' statistics show a total of 67,006 cars were sold in August, the second consecutive month of growth.
Scrappage Scheme Boosts Car Sales
The government's car scrappage scheme has pushed up UK car sales by 6% from a year ago, according to the latest industry figures. The Society of Motor Manufacturers and Traders' statistics show a total of 67,006 cars were sold in August, the second consecutive month of growth.
29 May 2009
Scrappage Scheme Boosts Car Sales
More than 35,000 new cars have been ordered through the UK's scrappage scheme, since it was introduced, new figures have revealed. This equates to one scrappage scheme order out of every five new car orders in this period. Gordon Brown welcomed three new car buyers that had benefited from the scheme at Downing Street this morning.
Scrappage Scheme Boosts Car Sales
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04 February 2010
Car Scrappage Scheme Extended
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Car Scrappage Scheme Extended
An extra month has been added to the deadline for the Government Scrappage Scheme. This move will provide manufacturers and dealers more time to prepare for and operate the exit phase of the scheme. Government ministers said their decision was prompted by requests from car manufacturers for more time to prepare dealers and inform consumers.
06 October 2009
Car Sales Boosted By Scrappage Deal
There were 367,929 new UK car registrations last month as motorists continued to take advantage of the scrappage scheme under which they receive a £2,000 discount on vehicles more than 10 years old when they buy a new model. That means that sales of new cars increased by 11.4% in September compared with the same month last year.
Car Sales Boosted By Scrappage Deal
There were 367,929 new UK car registrations last month as motorists continued to take advantage of the scrappage scheme under which they receive a £2,000 discount on vehicles more than 10 years old when they buy a new model. That means that sales of new cars increased by 11.4% in September compared with the same month last year.
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