Scrappage incentive scheme successful

The much anticipated vehicle scrappage scheme, which started on 18 May, is proving hugely popular and is working well, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).

In June, almost 10% of the total 176,264 new car registrations were as a result of the scrappage incentive scheme, giving a much needed boost to the UK motor industry. In the commercial vehicle sector, 323 vans were registered under the scheme, accounting for 1.9% of the total scrappage registrations and 1.9% of overall van registrations in June.

“The scrappage incentive scheme is working well and has encouraged a lot more people back into showrooms,” said SMMT chief executive, Paul Everitt. “In the coming months, we will see an increase in the rate of deliveries and this will confirm further progress on the industry’s long road to recovery.”