UK car production and sales remain depressed

UK car production and sales remain depressed Independent - London,England,UK ... benefited from good new products such as the Kia cee'd and cars that are well-suited to the government's scrappage scheme - for example, the Hyundai i10. See all stories on this topic

Scrappages eaten up fast
Mirror.co.uk - London,UK
You'll need to be quick if you want to get your spoon in the scrappage gravy. 122000 orders have already gobbled up more than half the Government's ...
See all stories on this topic

Car scrapping incentive announced

Motorists buying new cars will get a £2,000 discount if they trade in for cars over 10 years old to be scrapped, the chancellor has announced.

Alistair Darling unveiled the scheme - which will run until March 2010 - to help the struggling car industry.

Source: www.bbc.co.uk

Bye-Buy Bonus is “barking mad"

The Bye-Buy Bonus or Car Scrappage scheme being called for by the SMMT and most of the UK car industry is “barking mad”, claims Ling Valentine, a female Chinese immigrant who runs the UK’s favourite car leasing website, LINGsCARS.com

A lone voice within the UK motor industry, Ling Valentine (35), the owner of a successful car leasing website which moved over £35 million of new cars in 2008 at retail prices, takes a quite different view to the “childish” arguments that she claims are being wheeled out by the rest of the industry.

“All the motor industry is concerned about is short-term gain at the expense of everything else”, claims Valentine. “There are three main areas where they are simply wrong, and the use of spurious economic and environmental arguments by industry big-wigs is frankly, shocking” ...

Read article in full: www.lingscars.com

There's Never Been A Better Time To Buy A New Car

1. £2000 Scrappage Scheme for cars over 9 years old.
2. VAT Cut from 17.5% to 15% saving buyers £££s off new cars.
3. Interest rates at record low 0.5% Mortgages payments down.
4. New cars are cheaper to run with higher fuel savings, reduced servicing costs.
5. Lower CO2 emissions = Lower road fund licence from £35
6. 3 years peace of mind warranty, 12 months AA assistance and No MOT for 3 years.
7 Flexible finance offers to suit every budget.

Source: www.ukscrapscheme.co.uk

Ford fully supports scrappage incentive

Ford fully supports the introduction of a scrappage incentive scheme similar to those introduced successfully in other European markets. These schemes provide a cash incentive to scrap older cars to purchase new cars with lower exhaust emissions. These schemes have boosted new car sales, helping to retain employment and to provide tax revenue to governments, which helps to balance the payments made for scrappage. It is anticipated that the UK scheme will apply to vehicles aged between eight and ten years, and above.

Article: www.ford.co.uk

What On Earth Is Scrappage?

It's an innovation currently being run in Germany which combines the potentially climate helpful eradication of older polluting cars with a real stimulation of the new car market to help boost the economy.

It is proving to be an enormous success in Germany and the UK is one of many countries looking on with great interest.

It involves the scrapping of cars that are more than 10 years old in exchange for a voucher worth approximately £2000, which can be used towards the purchase of a new or 1 year old car.

www.scrappage.org.uk

Most U.K. buyers favor scrappage

Most U.K. buyers favor scrappage incentives, says SMMT

John Revill
Automotive News Europe
March 17, 2009 12:54 CET

More than three quarters of United Kingdom consumers want a scrappage incentive to boost new-car sales, according to a survey by the country's automotive association.

Some 76 percent of British consumers want a scrappage scheme similar to those in other European countries, says the Society of Motor Manufacturers and Traders (SMMT).

Source: www.autonews.com