The UK government's car scrappage scheme has officially come to an end after at least 330,000 cars have been sold through the incentive. The government estimates that 4,000 jobs with manufacturers and suppliers were supported by the scheme. "I am pleased to see scrappage has delivered the results we aimed for," said Business Secretary Lord … [Read more...]
European new car sales up 3.2% in February
March 17, 2010 By Leave a Comment
European new car sales rose by 3.2% in February compared with February 2009, but fell almost 30% in Germany as its scrappage scheme ended. A total of 1,000,754 new passenger cars were registered in the 28 countries monitored by the European Automobile Manufacturers Association (ACEA). Slumping sales in Germany were offset by gains in … [Read more...]
Scrappage registrations reach 324,991 units
March 10, 2010 By Leave a Comment
Figures from the SMMT show that 324,991 new cars were registered through the scrappage scheme by the end of February. Commenting on the data, SMMT chief executive Paul Everitt said, "The scrappage scheme ends this month and has provided a vital stimulus during a difficult period. The scheme has lifted the market from the lows of early 2009, with … [Read more...]
Scrappage scheme ends, hard work begins
March 9, 2010 By Leave a Comment
March is obviously a busy month for franchised car dealers, and perhaps carries more significance this year given that it coincides with the end of scrappage. There are mixed feelings about what the impact will be when the scrappage scheme finally draws to a close, but if other parts of Europe are anything to go by we are in for tough times. … [Read more...]
Every Kia now gets a seven year warranty
February 24, 2010 By 2 Comments
You may have heard that Korean manufacturer Kia is extending its unique seven-year warranty to all the cars in its model line-up. Previously the seven year warranty was only available on Kia’s European-built products such as cee’d and Sportage, but will now apply to every vehicle in the Kia range from the Picanto city car to the top of the … [Read more...]
UK car production up 64.8% in January
February 18, 2010 By Leave a Comment
Car production in the rose 64.8% in January compared to the same month last year and is the biggest year-on-year increase in monthly production since May 1976, the Society of Motor Manufacturers and Traders (SMMT) said. Car production soared to 101,190 units in January, up from 85,316 in December. It was the third consecutive month that … [Read more...]
Scrappage registrations pass 315,000 units
February 9, 2010 By Leave a Comment
The total number of cars and light vans registered through the scrappage scheme up to the end of January has passed 315,000 units. In january 25,846 new cars were registered through the scrappage scheme making up 17.8% of the month’s total. Average CO2 emissions of a car bought through the scheme was 133.3g/km, almost 10% below the overall new … [Read more...]
European car markets continue to be buoyed by scrappage incentives
February 2, 2010 By Leave a Comment
Scrapping schemes continue to revitalise the European car market, which managed a fall of just 1.6 percent in 2009 sales, despite a slump sparked by the economic crisis. Car sales rose strongly in France, Italy and Spain in January thanks to government scrapping incentives, but car makers will soon face the uncertainty of subsidies running out … [Read more...]
Record drop in CO2 output thanks to scrappage scheme
January 21, 2010 By 1 Comment
The average - CO2 output in the UK has fallen a record 8.9g/km to 149.8 g/km. The output of vehicles manufactured by Toyota (127.9 g/km) and Fiat (129.7 g/km) now falls below the EU target of 130 g/km of CO2, which has been set for 2012, while Mini is in third place with 131.7 g/km and Hyundai now has the fourth-lowest average CO2 figure (down by … [Read more...]
Quota system to be introduced for “smooth closing” to scrappage scheme
January 19, 2010 By Leave a Comment
Motor manufacturers are to have a quota system imposed by the Government for the remainder of the scrappage scheme after it was disclosed that more than three quarters of the £400 million budget has been used up. This means funding for fewer than 82,000 new vehicle orders is left, with the money due to run out by the end of February 2010 with … [Read more...]
Round 1 – Kia gear up for the end of scrappage battle
January 5, 2010 By 1 Comment
There can be no doubt about the real beneficiaries of the UK scrappage scheme. It’s not the punter as in a lot of cases he may have got more than £2000 for his car under normal circumstances and probably would have got a bigger discount on new. It’s probably not the environment; I’m wearing gloves as I type this so I can see why they quietly … [Read more...]
UK 2009 car sales set to be better than expected at 2 million units
January 5, 2010 By Leave a Comment
According to the SMMT UK new car sales for 2009 are expected to beat expectations when they are officially released on the 7th January and come in at about two million,. Registrations in the last month of 2009 are expected to be above the normal December levels as private buyers continued taking advantage of the scrappage incentive and buy … [Read more...]
German new car registrations expected to be down in December
January 5, 2010 By Leave a Comment
Contrary to other main European markets the biggest new-car market in Germany has declined for the first month since the introduction of their government scrappage incentive first began boosting demand back in February 2009, a source at Germany's VDIK (The German Association of International Motor Vehicle Manufacturers) told Reuters news Agency on … [Read more...]
Spanish car sales up 25 percent in December
January 4, 2010 By Leave a Comment
Spanish car makers' association ANFAC revealed today that car sales rose 25.1 percent year-on-year in December, supported by government incentives following a 37.3 percent increase in November. It is predicted that car sales will continue to rise at similar rates in the first half of 2010 due to the government's plan to boost sales, but that … [Read more...]
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