The scrappage scheme should be viewed as one of the most successful ever collaborations between car manufacturers and government, according to Glass’s.
‘Swappage' has taken over from the government-backed scrappage scheme, with some car-makers offering attractive cash incentives for owners of eight to 10-year-old cars to trade them in for a brand new model.
388,540 new cars and 6,959 new LCVs had been registered through the Scrappage Incentive Scheme (SIS) by the end of April, according to the Society of Motor Manufacturers and Traders (SMMT).
With the scrappage scheme now finished, late 1990s cars are emerging again into the used car market and providing some really good deals for motorists with a tight budget.
The end of the UK’s official, government-funded scrappage scheme has been no problem for Britain’s newest online car buying service, CarEnquiry.co.uk, with a further 4,000 visitors and 275 live enquiries taken for its free, ‘personal shopping’ service in the first week of April.
Ford vehicles older than three years are invited to compete for a free makeover.
The end of the Government Scrappage Scheme needn’t mean the end of great value motoring as Perodua introduce a generous new £1,000 Swappage Allowance offer when purchasing a Myvi or Kenari, which means that customers can buy a new Perodua from as little as £5,799.
By 31 March, 372,401 new cars had been registered through the scrappage scheme, according to the Society of Motor Manufacturers and Traders’ (SMMT).
Following the success of the Government’s car scrappage scheme which ended in February 2010, Skoda UK has introduced its own ‘Happy Swapping’ initiative.
Now that the Government scrappage fund has come to an end, each manufacturer is approaching the market in a different way with a number of complex scrappage schemes that rely on an old vehicle to exchange or scrap.
Kia Motors is extending the benefits of the UK scrappage scheme with the introduction of 7 Year Switch, offering owners of cars over seven years old the chance to trade up to a new Kia, take home a seven year warranty and save up to £2,000 off the list price.
Dramatic evidence of the shifting fortunes of the car industry is revealed in latest figures from JATO Dynamics, which show the effects on brands and European sales figures, of declining new car demand in Germany.
324,991 new cars were registered through the scrappage scheme by the end of February, according to the Society of Motor Manufacturers and Traders (SMMT).
With the scrappage scheme in its final month, consumer demand for £4-6,000 second-hand models is expected to surge as new cars become less value for money, says e-retailer Carsite.co.uk.
The final phase of the Government's scrappage scheme has begun today (Wednesday 24th February), said Business Secretary Peter Mandelson today, reminding would-be car buyers to take advantage of the scheme before it closes.
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