Government scrappage scheme gets on the road
1 min read
From today (18 May) consumers can drive off with a £2,000 discount on a new car, under the Government's scheme to scrap their old banger for a new model.
The £300 million scrappage scheme, announced in last month's Budget, is intended to boost consumer confidence and kick-start demand for new cars.
All the major brands, adding up to 38 manufacturers, are taking part in the scheme.
Business secretary Peter Mandelson (pictured) said the scheme had been met with a flood of enquiries from customers and would provide a boost to the industry and kick-start sales.
The manufacturers who have signed up to take part are: Allied Vehicles, Bentley, BMW, Chevrolet, Citroen, Daihatsu, FIAT, Ford, Honda, Hyundai, Isuzu, Jaguar, Kia, Land Rover, London Taxis International, Mazda, Mercedes Benz, MG Motor, Mitsubishi, Nissan, Perodua, Peugeot, Porsche, Proton, Renault, Rolls Royce, SAAB, SECMA UK, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen, Volvo, Koelliker UK Ltd, Iveco Ltd, Chrysler, Renault Trucks UK Ltd.
The £2,000 grant is made up of £1,000 from government with matched funding from vehicle manufacturers. The scheme will operate until March 2010 or until the government funding has been exhausted.
