Commercial vehicle scrappage has been less significant accounting for 1.5% of the total vehicles scrapped. According to the SMMT 3,882 LCVs were traded in up until the end of November which accounted for 3.9% of new vans purchased. This could be down to the fact that used vans are popular with small businesses who cannot afford to upgrade even with the reduction in price provided by the scrappage scheme.
"Scrappage continues to have a positive impact on vehicle registrations ... it has helped to generate consumer confidence."
SMMT Chief executive Paul Everitt