Scrappage scheme hits 250,000 registrationsTime is running out on cash for bangers incentive
11 December 2009
With the scrappage scheme accounting for 21.6% of sales in November, the total number of new vehicle registrations through scrappage has now passed a quarter of a million.
The exact figure to the end of November, according to the Society of Motor Manufacturers and Traders (SMMT), is 255,511 in total. That breaks down to 251,629 cars and 3,882 light commercial vehicles. This means that cars account for 98.5% of all scrappage registrations.
The importance of the impact of the to the UK motor industry can be seen in this way: total May to November registrations rose 5.7%; take away the scrappage volume and the market was down 15.9%.
Scrappage CO2 reduction
The scrappage scheme is also having a positive impact on CO2 emissions, with new cars registered through the scheme averaging 133g/km.
This is 10.1% below the overall new car registration average of 148g/km CO2. Cars being scrapped average 182.1g/km CO2, and are aged on average 12.9 years old. 72% of all scrappage scheme registered new cars have been small cars.
Other statistics about the scheme include the fact that it is 99% private buyers taking advantage, and 84.3% of cars bought through the scheme are petrol powered. This compares to 58.5% petrol in the market overall between May and November. This suggests that private buyers are clearly favouring petrol over diesel.
Biggest benefactor of the scheme is Hyundai, which has registered 30,739 cars through scrappage. Ford is just behind with 28,983, and Toyota takes third sport with 21,104.
Time is running out
The scrappage allowance set aside by the Government is enough for 400,000 vehicles - though the scheme currently ends in February regardless.
However, the SMMT’s data only covers scrappage registrations. The total number of scrappage sales - which includes those vehicles yet to be registered - may be much higher.
So if you were planning on taking advantage of the scheme but haven’t yet done so it’s probably best not to hang about...
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