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Impact of scrappage scheme 'yet to be seen'
Jun 4 2009The impact of the government's scrappage scheme for used cars has yet to have a significant impact on the new car market, it has been claimed.
According to figures from the Society of Motor Manufacturers and Traders (SMMT), there has been little upturn in sales of new cars since the initiative was launched, but experts are predicting that things will change over the coming months.
"The vehicle scrappage scheme introduced last month should have a significant impact on car sales as we go forward, but it is still too soon to see its true effect," said Sue Robinson, director of the RMI National Franchised Dealers Association.
While the new car market remains sluggish even with the scrappage scheme in place, the used car sector continues to do well.
Recent figures have suggested the used car market will continue to see growth in average prices over the course of this year after some dramatic falls in the final months of 2008.
Chancellor Alistair Darling introduced the scrappage scheme in a bid to boost the sales of new cars in the UK.
The initiative offers drivers of old cars up to £2,000 off a newer, more environmentally-friendly model if they are willing to trade in their existing vehicle for scrap.
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First Ever Pay as You Go Car Charging System in UK
Created Feb 9 2012
For the first time ever a Pay as You Go car charging scheme is operational in the North East of the UK.
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Car Dealers Caught Between Volume Reductions and Rising Values
Created Feb 9 2012
Car Pricing guide CAP Black Book warns that dealers will come under increasing pressure from increasing trade values of used cars on one side and volume reductions on the other in the coming months.
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More low Emission Zones for UK
Created Feb 7 2012
If you are adamant that your next car finance deal will be for a “green” car, here is good news: the United Kingdom could soon become one huge Low Emission Zone, according to at least one transport guru.
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Running Costs of Electric Trucks Lower Than That of Diesel
Created Feb 4 2012
The Centre for Transportation and Logistics has just completed a new study during which it was found that electric commercial vehicles could be 9% to 12% cheaper to run than their diesel counterparts.
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London far From Becoming Electric car Capital of Europe
Created Feb 3 2012
The reluctance of British motorists to sign up for car loan deals on electric cars means only one thing: London is very far away indeed from its target to become the electric car capital of Europe.
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Those Awful Female Parkers
Created Feb 3 2012
When you signed up for your first car loan deal, your father might well have warned you against the terrible female parkers that you will come into contact with during the course of your driving career – and told you how to deal with them.
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Huge Increase in Speeding Fines on the Way
Created Feb 2 2012
If it wasn't for cheap car loans, many cash-strapped motorists would find it nearly impossible to keep their vehicles on the road.
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Toyota Hits Landmark 400,000 With Hybrid Car Sales
Created Feb 2 2012
In a recent landmark for low carbon vehicles, Toyota managed to surpass the 400,000 level with sales of its hybrid cars in Europe.
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Those Awful Female Parkers
Created Feb 2 2012
When you signed up for your first car loan deal, your father might well have warned you against the terrible female parkers that you will come into contact with during the course of your driving career – and told you how to deal with them.
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Huge Increase in Speeding Fines on the Way
Created Feb 1 2012
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