Did We Need The Scrappage Scheme?

Since the government introduced the scrappage scheme in May 2009, nearly 400,000 people bought cars using it. According to the DVLA, new cars registered under the scrappage scheme accounted for more than 18% of sales for the 12 month period. “The scheme helped support our economy and played a vital role in providing a much-needed boost to the UK automotive industry,” said SMMT chief executive, Paul Everitt. The market for 2010 is predicted to perform well but will not achieve the peaks experienced during the scheme.

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