Remove 2009 Remove Buy Remove Scrappage
article thumbnail

UK Scrappage Scheme Encouraging Shift to Smaller, Fuel-Efficient Cars

Green Car Congress

New cars bought through the UK’s scrappage incentive scheme , which began in May, emit on average 10.9% Scrappage buyers were also three times more likely than average to buy the smallest class of car—minis such as the Smart Fortwo—and a third more cars bought through the scheme were larger superminis such as the Hyundai i10.

Scrappage 186
article thumbnail

UK Government Announces Vehicle Scrappage Scheme

Green Car Congress

In his Budget statement to the House of Commons on 22 April 2009, UK Chancellor of the Exchequer Alistair Darling confirmed that the government will introduce a vehicle scrappage incentive scheme. Participation in the scrappage scheme by specific car manufacturers is voluntary. The scheme is expected to be introduced in mid-May.

Scrappage 150
article thumbnail

Scrappage Bill Introduced in US Congress

Green Car Congress

In a move to take older vehicles off the road and spur new car sales, US Representative Betty Sutton (D-OH-13) introduced legislation today that will provide consumers a $3,000 to $5,000 incentive to buy more fuel-efficient cars, trucks or use mass transit. Sutton’s Consumer Assistance to Recycle and Save (CARS) Act ( H.R.

Scrappage 150
article thumbnail

IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

Green Car Congress

New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. Scrappage is defined by a vehicle being taken out of the fleet and no longer in use. —Mark Seng, global aftermarket practice leader at IHS Automotive.

2015 150
article thumbnail

Facts about the scrappage scheme

Green Cars News

As we continue our Budget 2009 coverage here at TheGreenCarWebsite.co.uk, we thought we’d break down the scrappage scheme into bite-size pieces showing you exactly how it works and who will qualify. The discount will be made available to consumers that buy a new vehicle to replace a qualifying vehicle (i.e.

article thumbnail

Industry experts have their say on scrappage plans

Green Cars News

Alistair Darling’s 2009 Budget, which announced the introduction of a £2,000 scrappage incentive scheme in the UK, has been met with mixed reviews from industry experts. “To describe this scrappage scheme as environmentally friendly is not just greenwash, it is hogwash. What do you think of the scrappage scheme?

article thumbnail

Car depreciation set to burst scrappage scheme bubble

Green Cars News

Car buyers, set to take advantage of the UK’s £2,000 scrappage incentive, to be launched on Monday, could find that the benefit of the scheme wiped out in depreciation within just 88 days of purchasing a new vehicle. million motorists tempted to cash in on the scheme, these consumers are set to lose a total of £12.5