Car Scrappage Scheme
There are signs that the government initiative introduced to boost new car sales in the UK is having some effect on the new car market, the latest report from the Society of Motor Manufacturers and Traders (SMMT) says that sales rose by 2.4% in July, the first annual increase in fifteen months.
Although there are no figures available to show how many purchasers have taken advantage of the governments ‘car scrappage’ scheme, the SMMT are sufficiently impressed with the July figures that show an overall increase of new car registrations, from 153,420 units to 157,149.
SMMT CEO Paul Everitt said; “The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had, increasing new car registrations for the first time since April 2008.”
There is still a long way to go before the market returns to any normality as the report indicates that year to date sales remain lower than the same time last year, with a total of 1.082 million cars sold, against 1.401 million in the same period of 2008.
Small cars remain the top sellers, Ford’s Fiesta and Vauxhall’s Corsa lead the sales chart, with the same manufacturers topping the family car sales, with the Focus and Astra respectively.
1 comment so far
1 Accountants // Aug 9, 2009 at 2:48 pm
It doesn’t seem as big a rise as i would expect to see but i guess a rise of some sort is better than nothing.