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04/02/2010
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.
The public-backed scheme will now run until the end of March or until the money runs out, whichever is the sooner.
Business Secretary Lord Mandelson said the scrappage scheme has proved a great success, driving UK car sales, protecting jobs and supporting the supply chain for car manufacture at a time when this sector needed it most.
"If you’re considering buying a new car, you should place your order as soon as possible to avoid disappointment, because the budget is strictly limited," he said.
In the final stages of the scrappage scheme manufacturers will be apportioned order quotas to aid an orderly close down.
(PR/GK)
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.
The public-backed scheme will now run until the end of March or until the money runs out, whichever is the sooner.
Business Secretary Lord Mandelson said the scrappage scheme has proved a great success, driving UK car sales, protecting jobs and supporting the supply chain for car manufacture at a time when this sector needed it most.
"If you’re considering buying a new car, you should place your order as soon as possible to avoid disappointment, because the budget is strictly limited," he said.
In the final stages of the scrappage scheme manufacturers will be apportioned order quotas to aid an orderly close down.
(PR/GK)
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A Government-scheme where consumers can scrap their old banger for a new model, has been dealt an embarrassing blow after three large manufacturers suspended the scheme. The £300m scrappage scheme, announced in last month's Budget, is intended to boost consumer confidence and kick-start demand for new cars.
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Motor Sales Boosted By Scrappage Scheme
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Motor Sales Boosted By Scrappage Scheme
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