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Kings Toyota Hedge End Calls The Car Scrappage Scheme ‘A Great Success’
Kings Toyota, Hedge End
The scheme enables owners of cars at least ten years old to benefit from a £2,000 discount when trading in for a new and more fuel-efficient model. Officially known as the vehicle discount scheme, participation is voluntary for dealers.
Kings Toyota report that 212 people have taken advantage of the scheme through them to date, and trading in all types of car, from Landrovers to Jaguars – and even a Porsche!
The scheme was introduced in May 2009, with a further £100m allocated in September, to help boost car sales and protect jobs within the motor manufacturing industry hit hard during the recession.
UK figures for January 2010 show sales were up a third to 145,000 on the number of cars sold in January 2009, with the Society of Motor Manufacturers and Traders saying the scheme has accounted for a fifth of new car sales.
The society’s Chief Executive, Paul Everitt, commented, ‘Scrappage continues to successfully lift demand and today's announcement of a continuation of the scheme to the end of March will allow the maximum number of people to benefit from the budget that's still available.’
Figures released last month revealed that across Hampshire and the Isle of Wight nearly 11,000 car owners had used the scheme.
Alex Domone at Kings Toyota: ‘Although the scheme is now fast approaching its conclusion there is still government money to be utilised and this poses a fantastic opportunity for any customers who still are undecided whether to take advantage of the scheme. In addition Toyota have further committed to the UK market by the introduction of "Swappage".
‘Swappage operates in the same way as the scrappage scheme but opens the opportunity to customers who have X,Y, 51, 02 and 52 registered part exchanges. This was introduced by Toyota to further support the UK market, customers and the Toyota Dealer network.’
If you’ve taken advantage of the scrappage scheme to upgrade your car, or perhaps you feel you’ve missed out because your current car’s not old enough to qualify – or if you have views on the scheme generally, we’d love to hear at Hedgeendpeople!
Information about the scrappage scheme can be found on the government website, Directgov.
The Society of Motor Manufacturers and Traders (SMMT) was created in 1902 to support and promote the interests of the UK’s motor industry at home and abroad.
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Comments...
By TGRWorzel at 07:02 on 09/02/10
Quite right Maddie. The Government has distorted the market, benefitting some but causing a problem for others. There are other unwanted side-effects such as some perfectly serviceable cars and many classics being scrapped inappropriately. Working in the motor trade, I also know that some garages have seen a decline in business, partly because the older cars are being scrapped rather than repaired. The factories in Wolfsburg, Spain and Korea seem to have benefitted, but the scrappage scheme hasn't done much for UK industry...
Similar issues have arisen with interest rates. Iif you've got debts you're better off and probably able to afford a new car because your mortgage repayments will have been slashed, but if you're a saver the Government has not done you any favours and you've probably had to tighten your belt. That's back to front really, the exact opposite of what should have been done to fix the fundamental problems with our economy...
I'm afraid we've got a bunch of idiots running the country at the moment. The sooner they're gone the better...
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By Maddie101 at 17:02 on 08/02/10
Well speaking as someone who has been trying to buy a cheap second hand small runaround I must say I haven't benefitted from the scheme. Small cars have become more expensive and much harder to come by since this was introduced. Local garages have put their prices up considerably.
My Dad has also commented on the number of lovely little cars - in perfect working order - that he has seen at his local scrapyard. He recently saw a beautiful T reg mini - in pristine condition - that had to be scrapped...! Ridiculous.
I can't afford a new car - even if I had an old one to scrap, so no, I don't think everyone has benefitted from this at all.
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By TGRWorzel at 19:59 on 05/02/10
I note Kings omitted to say that the scrappage scheme had been good for British workers.
The main beneficiaries of increased production are foreign manufactureres and foreign workers, so don't give the Government too much credit. The £1000 scrappage money from the Government (i.e. taxpayers money) should have been invested in the UK instead of overseas...
And its funny how car prices increased, when Dealers were obliged to find the other £1000 of the scrappage funding...!
My car qualifies for scrappage, but it's far too good to scrap. I'm still running about in it. Depreciation over the couple of years that I've owned the Worzel-mobile is less than £400 per year. Anybody buying a new car, even with the scrappage discounts, will lose at least that immediately its driven off the forecourt...!
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