NEWS

KIA has taken the new car scrap bull by the horns – by retailing the Picanto city car for just £4195! The maker has confirmed it will match the Government’s £1000 scrappage payment, with £1000 of its own. This means anyone scrapping a car 10 years or older will be able to get the city [...]

TWO thirds of car buyers believe the new car scrappage scheme will work, say top analysts J.D. Power. This has led them to forecast an increase of between 100,000 and 150,000 new car sales in the UK. Car dealers will see immediate benefits too, says J.D. Power. 40 per cent of people whose cars qualify [...]

ACFO chairman Julie Jenner says the fleet body is disappointed by the new car scrappage scheme. It had wanted to see the scheme extend to cars up to four years old, not just brand-new ones. What’s more, it had also aimed for a CO2 emissions cap of 165g/km or less – again, something that hasn’t [...]

AUDI is the latest maker to commit to the Government’s new car scrappage scheme announced in the Budget. The maker has taken out ads in newspapers, confirming it will participate. Details are still being formulated, so no specifics are yet being released by the German premium brand. However, it has set up a special section [...]

GLASS’S says car dealers have little to fear from plunging nearly-new residuals caused by the new car scrap scheme. Why? Because, said Adrian Rushmore, most customers already looking to buy a nearly-new car will NOT be existing owners of 10-year-or-older motors. They therefore will NOT be eligible for the scrappage scheme. ‘For this reason, demand [...]

FORD has welcomed the new car scrappage scheme – by supplementing it with additional discounts of up to £4500! This huge cash sum will be off all its larger cars, and will sit separately to the Government’s own scheme which best incentivises smaller, cheaper cars. Ford calls it ‘Scrappage Plus’, which will be over and [...]

VOLVO has today confirmed it is all set to take part in the Government’s new car scrappage sales incentive. The maker plans to use the £2000 incentive, supported by extra funds from its own pocket, to fund a finance deposit – on ANY model in the Volvo range. With associated finance promotions, this means Volvo [...]

TOYOTA will take part in the new car scrappage scheme – by incentivising the British-built Auris. Details are yet to be announced – but the maker revealed it plans to structure incentives and finance packages to make the Derbyshire-built Auris a ‘highly attractive choice’. This will be instead of using the incentive to boost appeal [...]

CITROEN car dealers are already offering new car buyers £2000 off if they agree to scrap their old one! As Car Dealer Magazine reported a few weeks ago, the French car maker decided it couldn’t wait for the Government’s new car scrappage scheme – so introduced its own. And, today, it reminds us that it’s [...]

KIA MD Paul Philpott has said Alistair Darling’s 2009 Budget is ‘good – but could do better.’ Speaking about the new car scrappage scheme, he said he was pleased the Government has responded to the difficult situation car makers are in. However, he was also surprisingly revealing, in saying that ‘I am personally disappointed that [...]

FORD has said the new car scrappage scheme is ‘good news for consumers,’ – but is saying no more than that yet! ‘Until we receive further details of the government proposal we suggest you contact the SMMT for further comment.’ This is because the scheme does not match that much-mooted by the car industry. Car [...]

CAR dealers have praised the long-awaited arrival of a new car scrap scheme, which will boost the new car market. ‘The introduction of a vehicle scrappage scheme… will boost the new car market, encourage consumers to get back into car showrooms, and reduce the likelihood of employee downsizing in this sector,’ said RMIF chairman Paul [...]

BUDGET 2009 is with us today – and Car Dealer Magazine is covering all the big announcements LIVE. We’ve previewed what the industry hopes to see in the budget. We’ve also campaigned for the new car scrappage scheme, which will hopefully provide a major boost to car dealers under pressure. Now, it’s D-Day. Will Chancellor [...]

SUCCESS for the German new car scrappage scheme is to see the scheme extend beyond the original deadline. The scheme is going to TRIPLE in size, due to the massive success it has so far proven to be. The original budget of just over £1 billion will grow to £4.5 billion, says the BBC. This [...]

SCRAPPAGE will be given the green light in the budget on 22 April, PM Gordon Brown hints today. He has said in a headline interview with The Independent newspaper that the Government is looking at a £2000 new car scrap scheme. This is part of his desire to make Britain a ‘world leader’ in green [...]