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24/02/2010
Car Scrappage's 'Exit Phase' Begins
The final phase of the Government's scrappage scheme began today.
Business Secretary Lord Mandelson has reminded would-be car buyers to take advantage of the scheme before it closes.
Car manufacturers have now been allocated shares of about 50,000 potential further orders based on brand popularity by the Department for Business, to help ensure a smooth closing of the scheme.
Lord Mandelson said: "Car owners need to move quickly to avoid disappointment if they want to buy a new car at a discount.
"Industry figures have showed again and again the benefits that the scrappage scheme is continuing to deliver to the automotive sector and beyond. It is great news that in January scrappage helped the industry to achieve its biggest output gain since May 1976."
The UK scheme, with up to £400m from Government and matched funding from manufacturers, is intended to provide a short term boost to industry and drive consumer demand during the downturn.
It has also removed older vehicles from the road and encouraged consumers to invest in new, safer, and potentially more environmentally friendly models.
(PR/GK)
Business Secretary Lord Mandelson has reminded would-be car buyers to take advantage of the scheme before it closes.
Car manufacturers have now been allocated shares of about 50,000 potential further orders based on brand popularity by the Department for Business, to help ensure a smooth closing of the scheme.
Lord Mandelson said: "Car owners need to move quickly to avoid disappointment if they want to buy a new car at a discount.
"Industry figures have showed again and again the benefits that the scrappage scheme is continuing to deliver to the automotive sector and beyond. It is great news that in January scrappage helped the industry to achieve its biggest output gain since May 1976."
The UK scheme, with up to £400m from Government and matched funding from manufacturers, is intended to provide a short term boost to industry and drive consumer demand during the downturn.
It has also removed older vehicles from the road and encouraged consumers to invest in new, safer, and potentially more environmentally friendly models.
(PR/GK)
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18 May 2009
Car Scrappage Scheme Dealt Blow Amid VAT Row
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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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.
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
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.
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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.
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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.
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.
04 September 2009
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.
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.
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