NEWS

SCRAPPAGE scheme registrations are almost complete as the SMMT announces its latest update.

Total registrations are now 395,500 – tantalisingly close to the 400,000 official total.
Cars make up 388,540 of these, with 6959 LCVs also being registered through the scrappage initiative. This follows the ending of the scheme in March.
SMMT chief exec Paul Everitt said: ‘The [...]

CHEVROLET is offering new car buyers a scrappage-like £2k incentive deal for any 6-10 year old motor.
Called ‘Switch and Save’, it comes as the official Government scheme ends – and, as Chevrolet points out, is even more generous.
Running until June 30, it is offered on all models except the Spark and Matiz city cars. [...]

SCRAPPAGE will come to an end TODAY as final funds for the successful Government scheme are used up.
The industry-boosting scheme is set to go down in history as a landmark in the UK car dealer world.
Up to 400,000 new car buyers have been helped into new cars, but the significant of the scheme could be [...]

CAR Dealer Magazine has been sworn to secrecy. And, when we’re given embargoes, we respect ‘em.
Man, it’s frustrating sometimes, though!
I’ve just got back from Central London, where I’ve been listening to a full-on briefing all about the exit phase of the scrappage scheme. Held by BIS top names, it was literally an exclusive: we [...]

SCRAPPAGE has been a great success in broadening car dealer opportunities says Peugeot MD Jon Goodman.
However, he says that when it comes to an end, Peugeot will look to other creative plans to incentivise cars, rather than launch a self-financed copycat scheme.
‘The scheme has brought people into car showrooms who would not normally be buying [...]

CAR Dealer Magazine has sourced official information on how the final stages of scrappage will operate.
Car makers have already agreed they will take part in a 2-phase quota system, to fairly allocate remaining subsidies.
Today, BIS has finally revealed the logistics of how this will all work. It points out, too, that it’s a decision reached [...]

RENAULT reckons the end of scrappage will present a residual effect offering a small market opportunity.

The firm’s commercial operations director, Len Curran, has told Car Dealer Magazine he expects scrappage-type deals to continue for the next few months.
They will be, Curran explained, from the brands most active in scrappage. He named Korean brands, Nissan, Toyota [...]

SCRAPPAGE type schemes will continue even as the official Government scheme draws to a close predicts one expert.

Kevin Gaskell, chairman of motoring.co.uk, says he envisages ‘similar of forms of support will continue, funded by the manufacturers’.
This will be led by fears that the market could suffer a big decline when the scrappage scheme ends. In [...]

SCRAPPAGE has helped Hyundai to such big UK gains that the maker intends to continue success.
The firm today thus launches TWO post-scrappage schemes – Trade & Upgrade and Happy Returns.
Trade & Upgrade is a generous scrappage-type scheme, that will give owners of cars aged between 7 and 10 years old the same £2000 discount gained [...]

MINISTERS are to allocate quotas to car makers for the final funds from the scrappage cash pot.

Officials say rebates for less than 82,000 cars remains as the scheme enters its final weeks.
The rationing will be based on brand popularity, said business secretary Lord Mandelson. This, he said, will ensure the scheme runs down smoothly.
‘With limited [...]