Scrappage boosts August registration volumes

The scrappage incentive scheme has boosted vehicle registrations for the third successive month in August, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). ·         102,071 vehicles have been registered under the scrappage scheme since its start·         Scrappage accounted for 25.1% of August new car registrations with 16,848 units “The scrappage scheme is proving hugely popular with motorists and has provided an important boost to the UK motor industry,” said Paul Everitt, SMMT chief executive. “The scheme is clearly delivering environmental and safety benefits, in addition to incremental business for UK manufacturing and much needed demand for retailers.” In August, generally a small volume month ahead of the new registration plate in September, one in four new cars bought were attributable to the scrappage incentive scheme. In the commercial vehicle sector, a total of 1,706 vans have been registered since its start and 247 in August, accounting for 3.3% of overall van registrations in August. A full table of provisional scrappage scheme registrations is attached to this press release. DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

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