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New Car Registrations in UK fall 30.9% in January; Industry Urges UK Government to Provide Scrappage Incentives to Boost Demand

Green Car Congress

The new car market in the UK continued to decline sharply at the start of 2009, with volumes down by 30.9% in 2009 to 1.72 The new Ford Fiesta was the top selling model for a third successive month in January. Scrappage schemes in other European countries include: Country. 1,000 to purchase a car. million units.

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Ford to sweeten scrappage deal – but is it green?

Green Cars News

Unsurprisingly there is still frenzied interest in the announcement of a vehicle scrappage scheme by Alistair Darling as part of his 2009 Budget. However, an announcement by Ford meant to sweeten the deal to its customers may only raise further doubts about the scheme’s environmental credibility.

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Car depreciation set to burst scrappage scheme bubble

Green Cars News

Car buyers, set to take advantage of the UK’s £2,000 scrappage incentive, to be launched on Monday, could find that the benefit of the scheme wiped out in depreciation within just 88 days of purchasing a new vehicle. The UK’s best-selling car – the Ford Focus Style – loses £8,625 or 51 per cent of its value in the first year alone.

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New car sales lowest since 1991

Green Cars News

per cent reduction or 245,184 units less in new car registrations for the first four months of 2009, compared to the same period of 2008. However the SMMT say that the drop may in part be due to customers delaying a purchase until the introduction of the scrappage scheme in May, announced as part of the Budget.

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