Scrappage boosts August registration volumes

The scrappage incentive scheme has boosted vehicle registrations for the third successive month in August, according to figures from the Society of Motor Manufacturers and Traders (SMMT).

In August, generally a small volume month ahead of the new registration plate in September, one in four new cars bought were attributable to the scrappage incentive scheme. In the commercial vehicle sector, a total of 1,706 vans have been registered since its start and 247 in August, accounting for 3.3% of overall van registrations in August.

“The scrappage scheme is proving hugely popular with motorists and has provided an important boost to the UK motor industry,” said Paul Everitt, SMMT chief executive. “The scheme is clearly delivering environmental and safety benefits, in addition to incremental business for UK manufacturing and much needed demand for retailers.”