Car manufacturers and the iPhone generation

548 More

Earning the right to be successful

535 More

Knowledge is power

609 More

Selling cars – it’s all about timing

852 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

SMMT already calling for scrappage scheme extension

The scrappage scheme could be extended way beyond its February 2010 end date if industry chiefs get their way.

Calculations by the Society of Motor Manufacturers and Traders (SMMT) show that the Government will make a net benefit of £193 million from the scheme that started on Monday. The trade body will push for Alistair Darling (right) to roll this back into the scheme to prolong it – if it proves successful.

The SMMT says that while this will initially cost the Government £300 million, it will make a net benefit from VAT returns, savings from fewer accidents as motorists migrate to newer, safer cars and in long-term healthcare gains because the newer cars will emit fewer harmful emissions, resulting in fewer hospital admissions.

The SMMT is cautiously optimistic that the scheme will boost sales but concedes that some extra sales were a result of pent-up demand. “Our proposal went out in February and some will have held back from buying a new car in case they qualified,” said the spokesman.

Thirty-nine car brands have entered the scheme, with only luxury car-makers such as Rolls-Royce, Aston Martin and Ferrari declining. Last-minute doubts over VAT arrangements delayed participation by Ford and Honda on launch-day. Both were back in by Tuesday.

In the first 24 hours of its full participation, Ford said it had taken more than 3,000 extra orders.

Source: Daily Telegraph

Scrappage scheme participating manufacturers

May 25, 2009In51der
  • Scrappage scheme ends
  • Scrappage scheme to be extended by 1 month
  • SMMT positive reaction to scrappage extension
  • EEF join calls for scrappage extension
  • SMMT urge government to extend scrappage scheme
  • Growing calls for car scrappage scheme
  • Carmageddon - The beginning of the end?Scrappage bureaucracy causing headaches
    In51der

    Motor Trade Insider - Bridging the gap between the customer and the Motor Trade

    12 years ago Consumer, Manufacturers, News20% vat, buying a new car, graph, Scrappage, will car scrappage scheme be extended beyond end of march37
    Most viewed
    Top 100 UK Dealer Groups
    38,736 views
    The car sales process and the “9 point plan”
    10,813 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,490 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes