Tuesday, June 16, 2009
UK scrappage scheme boost for new cars
Over 60,000 orders have now been taken by manufacturers since the subsidy of £2,000 was announced in the Budget to scrap vehicles of 10-years-old or more.
Money to run out?
So far, £60m of the £300m government allocation has been given out prompting speculation that the money will run before the scheme is due to end in February 2010.
Business Secretary Lord Mandelson said: "Consumers know a good deal when they see one.
"These figures speak for themselves. Car manufacturers continue to report on the success of the scheme with rising sales. It's the boost that the industry needs."
German market
No official information is available on the types of cars being sold although analysis of the top performing carmakers in Motor Trader this month shows the majority of sales are smaller cars.
In Germany, the scrappage scheme proved popular for among others, Polo, Panda, Corsa and Fiesta buyers.
Ford Fiesta continues to be the best selling car in the UK in May and for the year to date.
DATED: 16.06.09
FEED: MT
