Car reg increase expected
October 5th, 2009 by Richard Aucock
SMMT chiefs have taken the unheralded step of issuing an anticipatory car registration INCREASE announcement.
The official statement comes ahead of tomorrow’s latest UK car sales reveal.
‘Figures due to be released tomorrow by the SMMT,’ says the statement, ‘are expected to show the third monthly increase in new car registrations in September as consumers take advantage of the scrappage incentive scheme to bag a new 59 plate model.’
Underlining, it continues, how vital it was to get the extension to the scrappage scheme.
This was ‘an extremely important decision that will give more consumers access it.’
What’s more, it will help offset the increase in VAT due early next year, prior to April’s introduction of the first-year VED road tax rate.
Scrappage is particularly important to firms making cars in the UK. Because, says the SMMT, 1 in every 5 scrappage cars sold is built in the UK. 70 percent of them are sales that would NOT have happened in 2009 if it wasn’t for the scheme.
Not a bad return, it says, on a scheme that, for cars costing more than £7650, is self-funding…
Tags: production, scrappage, SMMT
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October 6th, 2009 at 2:13 pm
I bet they have. They are clutching at every last straw because when you take out the scrappage scheme from the figures they don’t look so good. Everyone wants to see a healthy industry but not necessarily one that relies on the taxpayer to subsidise it. At some point, the industry has to realise the scheme will need to end and they’ll need a Plan B.