By David Hanson MP / Latest News / 0 Comments

Make Most of Car Scrappage Scheme – Hanson

With funding running out Delyn MP David Hanson is encouraging Flintshire’s motorists to take part in the car scrappage scheme.

Figures released show that more than three quarters of the budget for the Government’s hugely successful scrappage scheme has been used up by individuals and families boosting UK car sales and helping the car industry through the downturn.

Funding for less than 82,000 new vehicles orders is left for consumers to take advantage of under the scheme, as it nears its end.

David Hanson said

“Time is running out for you to get a great deal on a new car by trading in your old one.  If you have been thinking about taking advantage of the scrappage scheme then now is the time.

“The Government’s car scrappage scheme has kept our car industry going during these tough times and offered great value for motorists. It shows how the right targeted investment can offer real help to people and protect jobs and businesses.

Lord Mandelson, Labour’s 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.”

ENDS

Notes to editors:

  1. 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.
  1. By 14th January 318,628 new vehicle orders were taken under the scrappage scheme since it was announced in the Budget in April.
  1. Under the final stages of the scrappage scheme manufacturers will be apportioned order quotas to aid an orderly close down of the scheme.
  1. Changes made to the scheme in September meant:
    1. Vans (up to 3.5 tonnes) registered before February 2002 and;
    2. V registration cars were brought under the eligibility criteria for the scheme.
  1. After listening to the needs of the industry, Government provided an additional £100 million of funding for the scrappage scheme. This was approved in October and the Scheme now will cover up to 400,000 transactions.
  1. The scrappage scheme figures are updated on a weekly basis, with all available statistics on the BIS website here:http://www.berr.gov.uk/whatwedo/sectors/automotive/scrappage/page51068.html
  1. The dealers will do all the paperwork for motorists participating in the scheme and arrange for the old vehicle to be scrapped. The dealer will check that the vehicle being traded in and the new one being bought qualify under the scheme.