Final scrappage figures approach 400,000 units
By 31 March, 372,401 new cars had been registered through the scrappage scheme and it had accounted for 12.2% of all new car registrations in March.
Average CO2 emissions of a car bought through the scheme were 132.9g/km, 27.1% below a scrapped car figure and 9.6% below the overall new car market average.
Commenting on the data, SMMT chief executive Paul Everitt said, “Final scrappage orders had to be placed by the end of March and already almost 380,000 vehicles have been registered, out of the 400,000 available. The scheme has provided a hugely important stimulus to the market and leaves industry in far better health than we saw in pre-scrappage 2009. Consumers will also benefit from the improved fuel efficiency, the latest safety features and cleaner tailpipe emissions available from the new vehicles purchased through the scheme.”
The Scrappage Incentive Scheme (SIS) accounted for just 12.2% of all new car registrations in March, a reduction of around 8% on the average monthly level, due to the scheme coming to an end in March. Since May 2009 the scheme has accounted for 18.7% of total new car sales.
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For those of you who thought bankers drafts were as good as cash, think again. It takes up to 5 days for a BD to clear and if it is stolen or a forgery your car can be long gone before the bank or you realise leaving you with no car and no money.
In that case what is the point of a bankers draft over a cheque? 
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