Now that the Government scrappage fund has come to an end, each manufacturer is approaching the market in a different way with a number of complex scrappage schemes that rely on an old vehicle to exchange or scrap.
Dramatic evidence of the shifting fortunes of the car industry is revealed in latest figures from the world’s leading provider of automotive data and intelligence, JATO Dynamics, which show the effects on brands and European sales figures, of declining new car demand in Germany.
Kia Motors is extending the benefits of the UK scrappage scheme with the introduction of 7 Year Switch, offering owners of cars over seven years old the chance to trade up to a new Kia, take home a seven year warranty and save up to £2,000 off the list price.
Commenting on the data, SMMT chief executive Paul Everitt said, “The scrappage scheme ends this month and has provided a vital stimulus during a difficult period.
Average new car CO2 emissions fell by their biggest ever margin last year with the impact of recession and the Scrappage Incentive Scheme…
“Scrappage has generated eight consecutive months of growth in the new car market and we expect its benefits to stretch beyond the scheme’s closure later this month,” said SMMT chief executive, Paul Everitt.
Due to the astonishing success of its Swappage Programme, Vauxhall has extended the scheme to three more of its best-selling models: the Insignia, Meriva and Zafira.
Škoda UK welcomes the Government’s announcement extending the scrappage scheme.
The Government’s ‘scrappage’ scheme may have almost run its course, but today Vauxhall is set to offer customers an even more generous package, available on three of its most popular ranges.
The Government-supported Scrappage scheme is drawing to a close next month, but it is far from motorists’ last chance to enjoy a big discount when trading in their old car for a brand new Toyota.