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Government scrappage scheme gets on the road

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Issued 18/05/2009

From today consumers can drive off with a 2,000 discount on a new car, under the Government's scheme to scrap their old banger for a new model.

The 300m scrappage scheme, announced in last month's Budget, is intended to boost consumer confidence and kick-start demand for new cars.

Motorists will be spoilt for choice with 38 manufacturers taking part in the scheme covering all the major brands.

Visiting a car dealership Peter Mandelson said:

"I am delighted by the response of the motor industry. Thirty-eight companies have signed up - all the major UK car manufacturers and a number of other companies. This means more choice for consumers and a boost for British brands.

"The scheme has been met with a flood of enquiries from customers. It will provide a boost to the industry and kick-start sales."

Notes

1. The manufacturers who have signed up to take part are: Allied Vehicles, Bentley, BMW, Chevrolet, Citroen, Daihatsu, FIAT, Ford, Honda, Hyundai, Isuzu, Jaguar, Kia, Land Rover, London Taxis International, Mazda, Mercedes Benz, MG Motor, Mitsubishi, Nissan, Perodua, Peugeot, Porsche, Proton, Renault, Rolls Royce, SAAB, SECMA UK, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen, Volvo, Koelliker UK Ltd, Iveco Ltd, Chrysler, Renault Trucks UK Ltd.

2. The 2,000 grant is made up of 1,000 from government with matched funding from vehicle manufacturers. The scheme will operate until March 2010 or until the government funding has been exhausted.

3. Further information can be found on http://www.direct.gov.uk or http://www.berr.gov.uk.


About the Author

Crown Copyright. Material taken from the BERR- Department for Business, Enterprise and Regulatory Reform replacing DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.


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Article Published/Sorted/Amended on Scopulus 2009-05-19 13:55:32 in Business Articles

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