CAR SCRAPPAGE SCHEME

The Car Scrappage Scheme introduced in May 09 is intended to provide a boost to demand and immediate support on a short-term basis to the car industry and its supply chain in the wake of falling sales. It will also get older vehicles off the road and encourage consumers to invest in new, safer and potentially more environmentally friendly models.

The Government will provide a £1,000 incentive, with matched funding from vehicle manufacturers, for consumers to replace their 10 year old or older vehicle with a brand new vehicle. The old vehicle must have been registered in the UK to the consumer for at least 12 months. The scheme applies to commercial vans (up to 3.5 tonnes) as well as cars that are ‘T’ registration or older.

How long will the scheme operate?

The scheme was launched on 18 May 2009 and will last until end February 2010, or until government funding has been used. Funding is available to scrap up to 300,000 vehicles, with £300m provided by Government and matched support from vehicle manufacturers.

Which manufacturers are taking part?

Forty one manufacturers have signed up to take part in the scheme:

Allied Vehicles, Audi, Bentley, BMW, Chevrolet, Chrysler, Citroen, Daihatsu, FIAT, Ford, Honda, Hyundai, Isuzu, Iveco, Jaguar, Kia, Land Rover, London Taxis International, Mazda, Mercedes Benz, MG Motor, Mitsubishi, Nissan, Perodua, Peugeot, Porsche, Proton, Renault, Renault Trucks, Rolls Royce, SAAB, SEAT, SECMA UK, Skoda, Ssangyong, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen, Volvo.