Did The Scrappage Scheme Save The Automotive Industry?
Posted by Tom Doerr at Jun 8th, 2010 in Automotive
Almost 400,000 vehicles were ordered through the scrappage scheme since its introduction a year ago. Figures have shown that the use of scrappage accounted for more than 18% of new car sales. “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.