Remove Industrial Remove Motor Remove Purchase Remove Scrappage
article thumbnail

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

Green Car Congress

to 112,087 units, according to figures from the UK’s SMMT (Society of Motor Manufacturers and Traders). A number of EU member states have launched scrappage incentive schemes, which have the benefit of boosting consumer confidence and delivering significant environmental improvements. 1,000 to purchase a car. in 2009 to 1.72

Scrappage 150
article thumbnail

Extended Scrappage Scheme goes live

Green Cars News

The extension for the Scrappage Scheme goes live today, after the funds for the original scheme ran out. From today, the new terms of the Government’s scrappage scheme come into force meaning that even more vehicles will be eligible under the scheme. Industry figures show that the scrappage scheme is continuing to boost the market.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

article thumbnail

Scrap your car for free bus travel

Green Cars News

A bus company on the Isle of Wight has launched its own version of the car scrappage scheme, offering motorists free travel on its buses for a year in exchange for their old banger. The government funded Car scrappage is a scheme that does nothing to tackle the fact that we have to encourage people to use their cars less.

article thumbnail

US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. This program has been a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work,” Secretary LaHood said. billion in rebates.