Monday, June 01, 2009
Hopes for scrappage scheme extension
The Society of Motor Manufacturers and Traders is to push for an extension to the car scrappage scheme.
The SMMT said it was cautiously optimistic that the scheme will boost sales but is pushing Chancellor Alistair Darling to provide more money to extend the scheme beyond its current February 2010 deadline.
A total of thirty-nine car brands have entered the scheme, with only luxury car makers such as Rolls Royce, Aston Martin and Ferrari declining.
In the first 24 hours of its full participation, Ford said it had taken more than 3,000 extra orders.
Hyundai has claimed it has taken 4,000 deposits in the first week of the scheme.
However, there is some confusion for buyers, with car price guide Parkers revealing that some manufacturers were undercutting their own schemes.
Parkers revealed that on one website, a manufacturer offered a discount of £2,400 on its cheapest model alongside the separate £2,000 discount for those who trade in their old cars for scrap.
DATED: 01.06.09
FEED: AM
