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Scrappage scheme boosts car sales
May 29 2009The latest car sales figures have suggested the implementation of the scrappage scheme in the UK is having a positive impact on the industry.
According to the BBC, government statistics show over 35,000 new cars have already been ordered through the scheme, which was announced in the Budget in April and began operating earlier this month.
Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, welcomed the figures, but told the BBC it remains too early to decide whether or not the scheme is a success.
The government's initiative follows in the footsteps of initiatives that have been introduced with some success in other countries across Europe, including in Italy and Germany.
Chancellor Alistair Darling announced in his Budget speech that drivers of old cars could receive up to £2,000 off a new, more environmentally-friendly model.
Recent research from the RAC Foundation has found a growing number of people are interested in buying electric vehicles in the future in a bid to cut their carbon emissions.
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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.
More from Motoring News
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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Older Cars are Cheaper to Repair
Created Jan 31 2012
When you sign up for a car finance deal on a new car, you can be sure it is going to be more reliable than the one you traded in.
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Demand for Volt Expected to Exceed Supply
Created Jan 31 2012
While over in the U.
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