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Cash for bangers fuels November car sales

Last month new car registrations increased by over 57% as buyers took advantage of the cash for bangers scheme and the now lowered VAT rate.

The scrappage scheme will end when funding runs out of at the close of February.  So far it has been used on 21.6% of about 160,000 vehicles that were registered in November.  . . . → Read More: Cash for bangers fuels November car sales

Motor industry wants scrappage extension

The flagging motor industry is talking with the Government in hopes that they can get the scrappage scheme continued into February 2010, a task that would require about £150m more from Mr Browns pocket.

The scheme was started on May 18th, at which point the Government said it would run into February or until their funding ran . . . → Read More: Motor industry wants scrappage extension