Scrappage scheme ends

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According to new data from the Society of Motor Manufacturers and Traders (SMMT), by the end of March this year, 372,401 new cars had been registered through the UK scrappage incentive scheme (SIS).

The scheme accounted for 12.2 per cent of all new car registrations and 3.2 per cent of the total van market in March, with 6,577 new LCVs registered through the scheme since it began in May 2009.

New car registrations in March via SIS were down around eight per cent on the average monthly level, due to the scheme coming to an end that month.

Since May 2009, the scheme has accounted for 18.7 per cent of total new car sales. For LCVs the figures are 3.2 per cent and 3.7 per cent, respectively.

The organisation said that average CO2 emissions of a car bought through the scheme were 132.9g/km, 27.1 per cent below a scrapped car’s figure and 9.6 per cent below the overall new car market average. The average CO2 emissions of an old car scrapped through the scheme is estimated to be 182.2g/km.

Supermini models accounted for 58.5 per cent of all cars registered through scrappage during May 2009 to March 2010, with private buyers registering 98.4 per cent of all the cars through the scheme over that period. Petrol cars accounted for 83 per cent of cars bought through the scheme.