NEWS

SCRAP scheme is the word on every car dealer’s lips. Rightly so – it could be the shining white knight our industry needs. But how exactly does it work? Well, if you want to find out, you’ve come to the right place. Here, Car Dealer Magazine will run through the scheme for you… Sounds simple [...]

SKODA has just launched its scrap scheme deals – and boasts of ‘at least £2500 savings’ across the range. Most eye-opening is Skoda’s decision to offer new Fabia buyers £1600 on top of the Government’s £1000 fund! This takes the price of the entry level Fabia supermini down to just £5995. What’s more, on Skoda [...]

CONGRESS in America is currently looking into two new car scrap scheme bills – and will make a decision soon! The reports in the Detroit News are the clearest indication yet that the world’s largest new car economy is going to support the worldwide drive for scrappage schemes But, in a surprise move, the US [...]

SCRAP scheme incentives mean Alfa Romeo can now offer a brand-new MiTo for less than £9000. The £2000 cash incentive trims the retail price of the Alfa Romeo MiTo 1.4 Turismo down to £8995. On certain other modes, though, Alfa Romeo is going further still – by offering up to £3000 in addition to the [...]

CAR supermarket Motorpoint has reacted strongly to the Government’s scrappage scheme. And has responded by announcing its own ‘Motorpoint Car Savers Scheme’. ‘Like many companies, we were initially delighted that the Chancellor saw sense and put wheels in motion for a car scrappage scheme to begin,’ said MD David Shelton. ‘However, when the content of [...]

DOUBTS over the new car scrap scheme have seen a UK car dealer come out against the forthcoming scheme. Carcraft does not think the £2000 new car incentive scheme will actually help UK car buyers at all – so is giving it the thumbs down. The car supermarket has said the Chancellor is doing car [...]

UNPRECEDENTED demand for Hyundai i10 and i20 has seen enquiries at car dealers rocket 400 percent. Interest has shot up in the past week – and it is the Government’s new car scrap scheme that is driving this. The company’s fast reaction is paying dividends, says UK MD Tony Whitehorn. ‘It seems that a few [...]

SCRAPPAGE was on the agenda yesterday, as the BERR and SMMT met for the first time after the Budget. Set for launch on 18 May, the meeting was called to determine exactly how the new car scrap scheme will work. Hosted in seminar style, the BERR hoped the car industry would take away sufficient information [...]

CAR buying website buyyourcar.co.uk says the scrappage scheme is already seeing ‘significant’ interest. Car buying enquiries submitted to the site have doubled since the scrap scheme was announced! ‘Despite some industry commentators showing concern,’ said a statement, ‘our findings have demonstrated that it is already generating overwhelming demand.’ The site says the scheme could even [...]

BERR chiefs have joined the SMMT in responding to Car Dealer Magazine’s questions – as the crunch meeting starts. Right now, industry bosses are meeting with the Department, to thrash out the specifics of the new car scrap scheme. Some of the issues they’ll be chatting about include the below… Be sure to let us [...]

CAR Dealer Magazine has a response to our scrap questions – and some positive news – from the SMMT. ‘There is a meeting this afternoon which we will use to address issues which have been raised over the last few days by our members,’ revealed a spokeswoman. These are ‘primarily around the exact processes which will be undertaken [...]

GOVERNMENT risks the initial positive impetus of the scrap scheme being washed out, as doubts creep in. A lack of clarity over the details of the scheme has meant speculation over the weekend has been rampant – with many contradictory messages flooding the car market. Car dealers, manufacturers and buyers are currently in a state [...]

TAXI drivers (and Stephen Fry) are the latest to benefit from the Government’s scrappage scheme. LTI Vehicles has confirmed it’s taking part in the scheme, which it hopes will help stimulate demand. Sales director Rob Laidler said: ‘We welcome this initiative from the government to stimulate sales and improve the quality of the UK’s taxi [...]

THE scrappage scheme announcement we all knew was coming is here – so what does the industry think? There’s been a mixed reaction to the £2,000 scrappage scheme which must be matched by car markers – £1,000 from the government and £1,000 from carmakers. There are worries that manufacturers just won’t be able to cut [...]

EXPERIAN has analysed the UK car market, and discovered just how many people will find scrappage of interest. The scheme demands owners have a car aged 10 years or older, which they’ve owned for at least 12 months. Of the UK’s 35 million cars, 7.1 million private cars are eligible for the scheme. Of course, [...]

FLA chief Stephen Sklaroff says the car finance industry hopes the new car scrap scheme will work. A much-needed increase in demand for new cars is vital, he said. However, he added, if it does work, ‘the increased demand for finance – perhaps as much as £1 billion – will reinforce the need for urgent [...]

AUTO Trader says that the day after the scrap scheme was announced, it saw a 113% surge in visitors! It has also registered a 74 percent increase in new car searches. This comes as its own research suggests a third of all motorists reckon they’ll be encouraged to buy because of the scheme. Matt Thompson, [...]

FIAT will boost the new car scrap incentive with a cash boost of its own – creating the £4995 Panda! This will secure new car buyers a green Fiat Panda 1.1 Active Eco, courtesy of the maker’s ‘Ecoplus Bonus’. Fiat has yet to announce which other models will be offered under the scheme – discussions [...]

MERCEDES-BENZ will offer every single car it sells under the Government’s scrap incentive scheme. What’s more, a brace of Smarts will also be sold under the scrappage scheme. This has enabled smart to say the country’s cleanest cabriolet is now a new car scrap player! The Fortwo cdi, which currently has the country’s lowest CO2 [...]

KIA’s amazing scrappage-inspired deal on a new Picanto city car proves the benefits of being first out of the traps. A ‘new’ list price of £4195 is so incredibly on message, it’s untrue. And, as reward, the brand (and car) has appeared on BBC lunchtime news! The Beeb were on the blower first thing this [...]