Registrations through scrappage pass 315,000
25,846 new cars were registered through the scrappage incentive scheme (SIS) in January, 17.8% of the month's total. That brings the total since the scheme was introduced last May to 311,159 new car registrations (20.4% of the new car market). Van registrations over the May to January period totalled 5,051 units, accounting for 3.7% of sales.
Average CO2 emissions of a car bought through the scheme was 133.3g/km, almost 10% below the overall new car market average and 26.8% below the average figure for a scrapped car.
Commenting on the data, Society of Motor Manufacturers and Traders (SMMT) chief executive Paul Everitt said: "Scrappage accounted for 17.8% of January new car registrations, the lowest percentage since the first full month of the scheme. With funding for over 60,000 vehicles still available, we welcome last week's announcement by government to delay the scrappage close date into March. Scrappage continues to provide an important stimulus to the new car market, although the decreasing reliance on the scheme to deliver market growth is encouraging news for post-scrappage stability."
