Government 'old car' scheme boosts new car sales by 10%
29,796 vehicles have been registered under the Scrappage Scheme since its inception
29,796 vehicles have been registered under the Scrappage Scheme since its inception,and the scheme accounted for 9.7% of June’s new car registrations, at 17014 units, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).
Total UK car registrations for June 2009 were 176,264 units.
In the commercial vehicle sector, the picture is a little gloomier, with only 323 vans registered under the scheme, accounting for a paltry 1.9% of overall van registrations in June.
This shows that while private consumers can be wowed by the scheme, business is far from impressed. Most vans are past their sell by date by the time they become eligible for the scheme. For it to work in the Light Commercial Vehicle sector, the Government need to reduce the the age of the eligible vehicles considerably to encourage take-up.
“The scrappage incentive scheme is working well and has encouraged a lot more people back into showrooms,” said SMMT chief executive, Paul Everitt. “In the coming months, we will see an increase in the rate of deliveries and this will confirm further progress on the industry’s long road to recovery.”
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