Motorists wanting to take part told to act fast
15th January 2010
Motorists wanting to take part in the government's car scrappage
scheme are being urged to act quick before the initiative comes to
an end.
The Department for Business Innovation and Skills reports that
funding for less than 82,000 new vehicles orders is left for
consumers to take advantage of under the scheme.
As the scheme enters its final stages the Department for
Business will allocate order quotas to manufacturers. The quota
system will be based on brand popularity and will help ensure a
smooth closing of the scheme.
Lord Mandelson, Business Secretary said: "I'm pleased to see
that the scheme has been taken up by so many people, supporting our
automotive manufacturers through a very difficult time. With
limited orders as we near the close of scrappage there is a risk of
disappointment for car buyers. I would urge people who are still
keen on taking part to put their orders in as soon as possible as
time is running out.
"Industry figures have reflected the success the scheme has
already had, boosting both car sales over the past few months and
maintaining jobs in car production. We expect the impact of the
scheme to continue to be felt into 2010 as deliveries will continue
after the scheme closes."
Van orders under the scheme have also seen a boost, following
the changes made to the scheme in September, with vans registered
before February 2002 now eligible. Since these changes came into
effect half of all vans scrapped through the scheme were less than
ten years old and there have been reports of van fleet owners
upgrading their entire stock.
The regional breakdown shows that take-up of the scheme broadly
follows that of regional car ownership. Scrappage has proved
popular with car buyers across the UK with take-up highest in the
South East (18%), the East of England (12%), the North West (11%)
and South West (11%).
The UK scheme, with £400m from Government and matched funding
from manufacturers, is intended to provide immediate support on a
short-term basis to boost the car industry and its supply chain
during the downturn. It has also removed older vehicles from the
road and encouraged consumers to invest in new, safer, and
potentially more environmentally friendly models.
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