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Industry experts have their say on scrappage plans

Green Cars News

Alistair Darling’s 2009 Budget, which announced the introduction of a £2,000 scrappage incentive scheme in the UK, has been met with mixed reviews from industry experts. According to Retail Motor Industry Federation (RMIF) chairman Paul Williams, the announcement could offer a significant boost to new car sales.

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Spain extends scrappage scheme

Green Cars News

Spain has decided to extend its version of the scrappage scheme, to continue support for car industry. Spanish industry minister, Miguel Sebastian announced an extension of the Plan 200E scheme earlier this week, according to Costa News.

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Scrappage scheme deemed a success

Green Cars News

Though it has faced a barrage of criticism since its inception earlier this month, it would appear that the Government’s scrappage scheme has proved popular with consumers. This means that roughly one in every five new cars ordered in this period makes the most of the scrappage scheme. Leave a comment with your thoughts.

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Proposed scrappage scheme meets criticism

Green Cars News

The scrappage scheme is only a few days old here in the UK and it has already come under fire. An article in the New York Times criticised the so-called “cash for clunkers&# legislation that would give people vouchers worth as much as $4,500 to replace old cars with new ones. Leave a comment with your thoughts.

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Cautious welcome for scrappage extension

Green Cars News

Since the announcement that the car scrappage scheme in the UK will be extended (see article ) a host of important industry names have been having their say on the plans, with a cautious but generally positive welcome for the proposals. we want to know what you think of the decision to extend the scrappage scheme.

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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. million motorists tempted to cash in on the scheme, these consumers are set to lose a total of £12.5

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Out have gone the coffee before work each morning, the weekend nights out, and the rush to buy the hot new DVD releases; in has been a new, thrifty way of living. Part of the swing in culture has been a downturn in new car sales. Averting a slump. However, he faces strong competition.