NEWS

SCRAPPAGE has been called into doubt by one industry title, which asks if consumers really have benefitted.

Used Car Expert acknowledges the scheme has been good for car makers and dealers.
Indeed, car markets where scrappage has been in place have seen double-figure new car sales increases. This is a big contrast to those where it hasn’t [...]

SMALLER independent car dealers are to see longer term business benefits from the scrappage scheme.
The RMI’s Independent Garage Association division said the priority now should be on ensuring they are equipped to capitalise on this.
Jonas Zambakides, IGA Chairman explained how. It’s all about ‘access to technical information.
‘The revitalisation of the new car sector via scrappage [...]

SCRAPPAGE is not only boosting car sales, but it is also meeting a green aim of cutting CO2, says the SMMT.
Registrations from May to September numbered 181,092, with cars forming over 178k of this total.
This number is, of course, distinct to scrappage orders, which currently stands significantly higher.
SMMT chief executive Paul Everitt said that [...]

SCRAPPAGE is leading to big gains for one enterprising firm – the cartakeback.com authorised collective.
The need for the Certificate of Destruction issued by the firm’s 300-strong Authorised Treatment Facilities is seeing it benefit from the scrappage scheme.
But car dealers are in on this bounty, too.
So far, the network has paid out over £5 million [...]

‘SHORT sighted’ is the Environmental Transport Association’s view of the scrap extension.

Yes, it admitted, cars bought under the initiative emit a quarter less CO2 than the scrapped ones.
But, it reckons, that CO2 reduction actually ends up costing the Government £370 per tonne of CO2. Whereas the actual environmental cost of CO2 is generally reckoned to [...]

SMMT chief Paul Everitt has exclusively spoken to Car Dealer Magazine, outlining why scrappage is right.
Extending it was the only thing to do, he says.
‘The scrappage incentive scheme has been an integral tool in helping to kick-start the UK motor industry. Until July 2009, the new car market endured 15 months of consecutive decline.’
But no [...]

MOTORING.CO.UK chairman Kevin Gaskell has said the extension to scrappage is ‘good news for everyone.’
Extra security to 850,000 vulnerable UK jobs dependent on the car industry has been given, he said.
‘The entire UK economy has benefited, from consumers to the car manufacturers.
‘By extending the scheme, the government has demonstrated a commitment to the car industry [...]

SCRAPPAGE hasn’t just received a funds boost – the scope of the scheme has also been extended by Lord Mandelson.
Now, owners of cars registered on or before 29 February 2000 – V-reg – will be eligible for the scheme.
This six-month extension of the age limit reflects the longer period the scheme is to run: if [...]

THE scrappage scheme has been extended – with the government today putting in another £100m.
Business secretary Lord Mandelson, announcing the move, said: ‘The sector has been strongly affected by the recession, but the scrappage scheme has delivered a boost to manufacturers and the supply chain.
‘We have listened to the concerns of manufacturers and are [...]

EXTENDING scrap is a great move – but there could be still more good news on the horizon, reckons one industry exec.
Finance and Leasing Association chief Paul Harrison said the scrappage decision is to be welcomed.
But, he added, the Government is also in talks with the EU over in Brussels RIGHT NOW, on additional support [...]