Tuesday, 29 December 2009

Scrappage Scheme: 250,000 Vehicles So Far

The Governments car and van scrappage scheme is being haled as a success by some as it reaches the milestone of 250,000 cars scrapped. According to the SMMT 251,629 new cars where purchased via the scrappage scheme by the end of November 2009. This means that 21.6 percent of new cars sold in November had money off in exchange for the scrappage of a older model.

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

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