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Scrappage scheme 'must benefit new and used car markets'
Apr 6 2009Plans to launch a government-funded scrappage scheme to help boost the car industry must help both the new and used car sectors, one group has warned.
According to the Association of Car Fleet Operators (ACFO), any scrappage scheme "should incentivise the purchase of vehicles up to four-years-old powered by engines that meet Euro4 emission standards".
ACFO chairman Julie Jenner said: "ACFO is broadly supportive of a scrappage scheme."
However, she warned that unless greater efforts were made by the government to include a greater proportion of the UK's older and used cars into the scheme, few people would be minded to trade in their older vehicle for a new model.
She also hinted that current planned levels of investment in the programme by the government are not enough because the costs of buying a new car will not be offset by the government funding.
The government has recently announced plans to introduce a scrappage scheme to boost the new and used car markets, but it will not come into force for several years.
Car manufacturer CITROEN recently launched its own scrappage scheme, claiming that waiting for the government's initiative would cost motorists and the industry considerably.
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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
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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