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Scrappage scheme prompts sales boost

Green Cars News

Much of the rise has been attributed to the ongoing success of the vehicle scrappage scheme, with the Government-led concept accounting for 21 per cent of sales during the month with 77,316 units registered under the scheme. We look at the scrappage scheme extension, as well as its pros and cons, in depth in our latest Green Piece Column.

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Scrappage scheme faces more criticism

Green Cars News

How much will the UK’s vehicle scrappage scheme help car buyers? The scheme, which sees motorists buying a new car rewarded with a £2,000 subsidy if they trade in a vehicle over 10 years old that they have owned for at least 12 months is made up of £1,000 from the Government and an equal amount from the manufacturer.

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More international criticism for scrappage schemes

Green Cars News

Yesterday we told you how the scrappage scheme proposals in the USA are coming under fire and today it is the turn of Spain’s scheme to face criticism. The Ecologistas en Accion , one of the country’s most important green groups, is claiming that the scrappage scheme is bad business.

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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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Will the scrappage extension do any good? The Green Piece

Green Cars News

The UK’s car scrappage scheme may have been dubbed a resounding success by the majority of car manufacturers and consumers alike, but it hasn’t won plaudits from all corners. This is little more than a panicked way of propping up the industry as, given time; those cashing in the grants would most likely have bought the new car anyway.

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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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Extending vehicle life the key to CO2 emission savings

Green Cars News

Remember when the scrappage scheme and the cash for clunkers campaign were introduced and many argued that replacing older cars with new vehicles would be beneficial for the environment? Well now a study published in the ACS journal Environmental Science & Technology is suggesting the opposite.