09/02/2010

Scappage Registration Passes 311,000

Around 25,846 new cars were registered through the scrappage scheme in January - 17.8% of the month’s total - new figures have revealed.

Average CO2 emissions of a car bought through the scheme was 133.3g/km, almost 10% below the overall new car market average and 26.8% below the average figure for a scrapped car, according to figures from the Society of Motor Manufacturers and Traders (SMMT).

It said 311,159 new car registrations went through the scrappage scheme by January, accounting for 20.4% of the new car market.

LCV registrations over the May to January period totalled 5,051 units, accounting for 3.7% of sales.

Commenting on the data, SMMT chief executive Paul Everitt said: "Scrappage accounted for 17.8% of January new car registrations, the lowest percentage since the first full month of the scheme.

"With funding for over 60,000 vehicles still available, we welcome last week’s announcement by government to delay the scrappage close date into March.

"Scrappage continues to provide an important stimulus to the new car market, although the decreasing reliance on the scheme to deliver market growth is encouraging news for post-scrappage stability," he added.

(PR/GK)

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