Car Scrappage Scheme resulted in 12.2% of new car registrations in March
The car scrappage scheme was responsible for 372, 401 new cars being registered in March 2010, which accounted for 12.2 per cent of all new car registrations, according to figures released by the Society of Motor Manufacturers and Traders based in the UK.
It was also revealed that the system had been responsible for 3.2 per cent of the total van market for March, with 6,577 new LCV’s being registered through the scrappage scheme since its introduction in May 2009.
Chief executive of the Society of Motor Manufacturers and Traders (SMMT), Paul Everitt said, “The scheme has provided a hugely important stimulus to the market and leaves the industry in far better health than we saw in pre-scrappage 2009.”
There are fears that the Scrappage Incentive Scheme may have given an artificial lift to the motor sales industry and result in a dramatic dip in sales for the remainder of 2010.
The scrappage scheme accounted for 12.2 per cent of all new car registrations in March, a fall of around 8 per cent on the average monthly level, due to the scheme finishing at the end of that month and new car sales falling.
The proposed ecological benefits of replacing older vehicles with new ones have also become known with average carbon dioxide emissions of a car purchased through the scheme measuring 132.9g/km.
This figure is 27.1 per cent below a scrapped vehicles figure and 9.6 per cent below the overall new car market average. Even though the emissions benefits do not feature in the emissions related to the scrappage of an old car and the manufacture of a new one, the drop in the emissions figure does provide some evidence that supports these types of initiatives having a positive environmental and eco-friendly effect.
SMMT chief executive, Paul Everitt commented, “Consumers will also benefit from the improved fuel efficiency, the latest safety features and cleaner tailpipe emissions available from the new vehicles purchased through the scheme.”










