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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
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” ...
1. £2000 Scrappage Scheme for cars over 9 years old.
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.
