NEWS

SKODA says that 9 in 10 customers buying cars on scrappage are new to the brand, in a conquest sales boost. 4500 Skodas have been ordered through the scheme, and nearly 2000 have been delivered. But it’s the scrap cars that have been taking Skoda car dealer’s eyes. These range from a Trabant to a [...]

FIGURES released today show the scrappage scheme is nearing the half-way mark – four months after launch. Latest stats from the Department for Business Innovation and Skills show that 144,308 new car orders have been placed under the scheme. The Government has stated that the total amount of funding is for 300,000 cars – this [...]

SCRAPPAGE car buyers in America have exhausted the $1bn cash allocation – just a week after launch! A massive rush by US buyers to sign up for the scheme has caused a deluge at car dealers across the country. 16,000 car dealers signed up for the scheme, which offered buyers up to $4500 off new [...]

VERTU Motors has announced profits well ahead of estimates – thanks to the impact of the scrappage scheme. The extra earnings come despite volume growth remaining average. Money instead has been made from improving margins – an announcement that sent the share price rising by well over 7 percent. Buyers have been choosing used cars [...]

MOTOR industry expert Nice 1 Ltd has analysed the latest scrappage data – and given its judgment. The firm reveals the UK’s top 10 selling brands have accounted for 86 percent of all scrappage sales so far. There have been, to the end of June, 29,796 scrappage deals – that’s 3.22 percent of UK sales to [...]

33% of car owners would like to use the scrappage new car buying scheme – but their car is ineligible. This, says insurers Swiftcover, suggests that many car buyers have been caught out by the scheme’s restrictions after visiting car dealers. The number is much more significant than the mere 4 percent of owners who [...]

MAZDA has upped its scrappage deals for the second half of 2009 – with a real haeadline-grabber. The Japanese firm will add £5000 to the £1k Government scrappage allowance on the RX-8 R3, bringing the price down to just over £18k. What’s more, the maker has rolled out extra savings on other models in its [...]

HYUNDAI has brought sporty style to the scrappage deal sector – with a bargain-priced Coupe. It has cut £5035 off the list price of its two-door Coupe, bringing the price down to £12,995. But, for scrappage-eligible customers, this is further cut, to £11,995! That’s despite it being a 2.0-litre model, with leather seats, 17-inch alloys, [...]

FORD has posted its first year-on-year sales increase in almost a year, thanks to the scrappage scheme. The long-awaited sales turnaround saw Ford dealers sell 29,8000 cars in June. In the same period back in 2008, they sold 28,657 motors. As the overall new car market is down, this means Ford’s market share has rocketed [...]

SCRAPPAGE is still some way off revealing its true positive boost to new car sales, say car dealers. The RMI reports that the SMMT sales figures for June are positive – but car dealers can expect even more gains in coming months. ‘The true impact of the vehicle scrappage scheme will be felt over the [...]

VOLVO has already seen its orders under the scrappage scheme exceeded – by 140 percent, and counting. The Swedish maker reckoned it would sell 500 cars under the scheme. But, to date, orders have topped 1200 – and, says Volvo product manager Terissa Wingfield, show no signs of tailing off. ‘It’s making people think ‘now’s [...]

CAR dealers and makers in the US are banking on success from the big-money ‘cash for clunkers’ scheme. Many are predicting the scheme, which will give car buyers up to £2750 off a new motor, will be a massive success. But others are questioning whether the $1 billion boost to the industry will actually be [...]

SKODA has UPPED its scrappage offers on the Octavia range – meaning buyers can get up to £3200 off. The 1.8 TSI Octavia features the full £3200 discount… but other more fuel efficient models are not far behind. Octavia 1.9 TDI and 2.0 TDI variants get a £3500 reduction. Furthermore, Skoda has also upped its [...]

RENAULT UK’s managing director has hit out at the government over the scrappage scheme. Speaking exclusively to Car Dealer Magazine, Roland Bouchara said he would have liked to have seen a far larger contribution than the current £1000, which car makers must match. ‘I do think it was the right thing to do,’ he told [...]

NISSAN car dealers will help buyers’ scrap dilemmas – by offering the same deals on non-scrap cars, too. The maker has taken the big step of ensuring the saving on ANY Nissan car purchase is always £2000 – regardless of the finance scheme the customer takes out. This means those without a 10 year old [...]

GOVERNMENT figures show the new car scrappage scheme is already helping boost car dealer sales. Figures for April reveal more than 35,000 new cars have so far been ordered through the scheme. Something that has won the praise of PM Gordon Brown. ‘I am delighted that over 35,000 people have already taken up the Government’s [...]

SCRAPPAGE is all in the news at the moment – but, a few weeks in, how is it working for car dealers? Car Dealer Magazine has found out, by speaking to those who will know: you! A brand given a massive boost by the scheme has been Hyundai. Andy Maddock, DP at York’s Hatfields Hyundai, [...]

CAR buyers nationwide can walk into a franchised main dealer and get 30% off a factory fresh new car. This, reveals Which? Car, is thanks to the scrappage scheme. Small, budgets cars with low list prices are the best way to save, says the title. It illustrates key savings on offer: •    Kia Picanto – [...]

NUMBER crunchers have been to work, and discovered that Government will profit big from the scrappage scheme! The Government, as we know, is ploughing £300 million into the scheme. This is half what car firms predicted. At the last minute, Ministers decided car makers would have to pick up half the tab. And how they’re [...]

NISSAN has confirmed it’s extending the Government’s 10-year scrappage allowance back by 2 years… … so long as the car is produced in the UK, that is. It means that any new Nissan Micra, Note or Qashqai comes with a £2k allowance for owners of 8 year old cars or older. Key deal will be [...]