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04/02/2010
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.
The public-backed scheme will now run until the end of March or until the money runs out, whichever is the sooner.
Business Secretary Lord Mandelson said the scrappage scheme has proved a great success, driving UK car sales, protecting jobs and supporting the supply chain for car manufacture at a time when this sector needed it most.
"If you’re considering buying a new car, you should place your order as soon as possible to avoid disappointment, because the budget is strictly limited," he said.
In the final stages of the scrappage scheme manufacturers will be apportioned order quotas to aid an orderly close down.
(PR/GK)
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.
The public-backed scheme will now run until the end of March or until the money runs out, whichever is the sooner.
Business Secretary Lord Mandelson said the scrappage scheme has proved a great success, driving UK car sales, protecting jobs and supporting the supply chain for car manufacture at a time when this sector needed it most.
"If you’re considering buying a new car, you should place your order as soon as possible to avoid disappointment, because the budget is strictly limited," he said.
In the final stages of the scrappage scheme manufacturers will be apportioned order quotas to aid an orderly close down.
(PR/GK)
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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.
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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.
06 August 2009
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.
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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