Car buyers back in showrooms thanks to scrappage scheme

‘Consumers have already shown great interest in the Vehicle Scrappage Scheme, with dealers reporting a marked increase in enquiries since the scheme was announced in the Budget in April. Following the launch of the scheme on Monday (18 May 2009) we are confident that the scheme will provide a boost to the sector, and enable thousands of UK motorists to buy a new car,’ said Sue Robinson, Director of the Retail Motor Industry Federation (RMIF), which represents 8,000 businesses that sell, service, and repair new and used cars, commenting on the launch of the Vehicle Scrappage Scheme.

Under the scheme, owners of vehicles registered before 31 August 1999 will receive a £2,000 discount on a new car or light commercial vehicle if their old vehicle is scrapped. The scheme will run until 28 February 2010, or until the £300m allotted by the Government to fund the scheme is exhausted.

Robinson adds: ‘The scheme has the backing of motor retailers, and the sector is looking forward to the influx in custom that the scheme is likely to bring.’