Friday, Sep 04, 2009
Sales speeding along
BBC News: Scrappage scheme lifts car sales
Be honest- hands up the doubters of scrappage! Chitty-chitty bang bang!
Posted by smiling @ 11:25 AM (365 views) Add Comment
6 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. 51ck-6-51x said...
smiling
- I don't think any sane person "doubts scrappage". It is just one of the myriad of market distorters implemented by the state to attempt to smooth the downturn - doesn't it end shortly? What about giving me $$$ because I don't even drive? Stupid.
2. a saver said...
However, car industry representatives fear that once the £300m set aside for the scheme by the government runs out, sales could turn lower.
No sh*t sherlock! Mostly this stupid scheme just encourages people thinking of buying a new car to do it sooner rather than later, meaning that sometime down the line the rate of new car buying slows down. As for reducing pollution you'd have to be really stupid not to realise that crushing the old car and manufacturing the new one will create a whole lot more pollution than a newer engine will save on emissions.
3. Smiling said...
666
I'm not talking about now, only a week before its (scrappage) launch all the suspects were on here, I won't point them out but they were spouting usual doomsday carp about why it's going to fail. You know who you are guys!
4. kruador said...
It covers 300,000 cars maximum. New registrations in 2007 were 2.4 million - last year 2.13 million. If the market this year is down 20% on last year, you can see that scrappage can hardly fill the hole in the market.
The restriction is that the car being scrapped must be at least 10 years old. If someone's driving a car that old, they must either really love it, or they can't afford any new car. I don't think £2,000 off actually makes that much difference to these people.
It makes barely a dent in the number of cars that are still going around of that age. SMMT gives 5.2 million cars nine to 12 years old, 4.3 million more than 12 years old.
The US scheme was a roaring success because the only requirement was that the car's current fuel economy was below a certain woeful level and that the new car's fuel economy was a modest improvement. Even so it only funded around 600,000 cars which is actually a smaller proportion of sales than over here.
5. mr g said...
You've been busy today smiling, is it Uncle Gordo or Auntie Beeb you work for?
6. letsgetreadytotumble said...
I visited my Hyundai dealer at the end of August. They also sell Citroen. I saw 20 off Hyundai i10s on 59 plates, and about 4 i20s, and no Citroens. The i10 sells for about 5 grand with the scheme. Not exactly massive turnover, is it. I've read that Hyundai has been the most successful company with the scrappage scheme
I've read that the scheme is to help the British motor industry. How does funnelling the vast majority of the money into foreign countries help our industry? Just more political nonsense. Smiling, have you been to the re-education centre?