AutoeBid Blog

March 31, 2010

Time called on Government scrappage scheme

Filed under: Industry News — Tags: , , , , — admin @ 12:01 pm


Time has been called on the Government’s popular scrappage scheme, car manufactures took their last orders yesterday.

The scheme was widely regarded as a success and was designed to boost the industry during the economic downturn.

400,000 customers were helped with buying a new car through the scheme, which accounted for 20% of all new car registrations.

Lord Mandelson, Business Secretary said: “The scheme was always time limited and today as it closes I am pleased to see scrappage has delivered the results we aimed for – not just for manufacturers, but for the whole industry and its supply chain. The figures show that this scheme gave vital support, boosting demand when the industry needed it most, helping to position the auto sector to meet the challenges of building a strong low carbon future.

Copyright 2015. All Rights Reserved. Autoebid Limited trading as Autoebid registered in England. Company No. 04617337. Registered Offices 2 Union Square, Darlington DL1 1GL, United Kingdom. Autoebid is authorised and regulated by the Financial Conduct Authority. All finance is subject to status, income and terms and conditions. VAT registration GB831171851. Autoebid is a credit broker and can introduce you to a selected number of lenders based on your credit profile, status and lender specific criteria. We do not charge any fees for this service however may receive commission from lenders. By using this website you are accepting the usage of cookies please see privacy policy and cookies page from more details