Scrappage scheme leads to 150,000 orders

The scrappage scheme set up by the Government earlier this year to boost the car manufacturing industry has so far led to more than 150,000 orders, according to new figures.

Data published by the Department for Business, Innovation and Skills showed that orders totalled 154,927 between 23 April and 2 August.

A total of 18 per cent of the orders came from the South East, with the next highest proportion coming from the East of England (12 per cent). The North West and the South West regions were each responsible for 11 per cent of the orders.

Under the scrappage scheme, the Government provides 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.

Business secretary Lord Mandelson said the scrappage scheme was a "great deal" for manufacturers and customers.

He added: "The scheme has contributed to the 13.5 per cent jump in car manufacturing and the first growth in new car registrations since April 2008."

The figures are available here


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