Second Hand Cars Rise in Price
As reported before, the scrappage scheme has been a resounding success, but like many things in life there’s always give and take. In this case the ‘give’ of the scrappage cash bonus is matched by the ‘take’ of a huge rise in price of second hand cars!
A report in the Telegraph suggests that used and [...]
UK Scrappage Scheme Now Halfway Done
New figures released today show that over 155,000 new cars have been ordered through the scrappage scheme in the UK. This is a highly impressive number, but perhaps more importantly, it means that half of the money put aside by the government for the scrappage rebate has now gone - in under one third of [...]
Scrappage Scheme Has “Positive Impact”
The BBC today reported that the scrapapge scheme introduced on May 19th in the UK has had a “positive impact” on the rate of new car sales in the UK according to the (Society of Motor Manufacturers and Traders (SMTT). This is great news for the British motor industry as a whole, as well as [...]
35,000 New Cars Benefit from Scrap Scheme
Government figures released earlier this week show that 35,000 new cars have been sold under the scrappage scheme. That accounts for an estimated saving of £70,000 for people who bought new cars!
The scrappage scheme put in place by the British Government runs until March 2010. Under the scheme, vehicle owners can receive money back when [...]
Ford & Honda Delay Scrap Cashback
Ford and Honda have both announced that they are delaying their involvement with the UK Car Scrappage scheme. As reported by the BBC as of the 18th May, both car makers are citing concerns over VAT arrangements and how the industry’s portion of the scrappage rebate could be shared between the car makers and car [...]
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