Year-on-year figures rise dramatically
4 December 2009

UK car sales rose by 57.6 per cent in November compared with a year earlier.

There were 158,082 cars registered last month, according to the Society of Motor Manufacturers and Traders (SMMT). However, it added that last November's figures were particularly poor.

UK car sales to drop next year

The SMMT also revealed that, so far this year, 1.84 million cars have been sold in the UK, 8.8 per cent lower than at the same point last year.

"The increase in new car registrations in November reflects the positive impact of the scrappage incentive scheme, customers avoiding the VAT increase in January and the very difficult conditions we experienced a year ago," said Paul Everitt, SMMT chief executive.

The scrappage scheme accounted for 21.6 per cent of all new car registrations in November, according to the SMMT.

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12

4 December 2009

well of course this is great news for the car industry but how long will it last? and i still maintain that it would have been better for the uk economy if the scrappage scheme was only available to british built cars i.e astra mini civic etc instead this has really helped mainly korean built cars from hyundai and kia another slip up by our government!

4 December 2009

So, car sales up, eh?, what about trade-in figures?, bet they've not gone up much if at all?!

Peter Cavellini.

4 December 2009

[quote VX220EDDIE]well of course this is great news for the car industry[/quote]

Not really, it's a "dodgy" statistic, last year was horrendous! I would be more interested in seeing how it compares to '07 amd '08. I would expect it to be down.

November really was the beginning of the recession as far as the motor trade was concerned.

4 December 2009

Sounds impressive, but how about if we compare Nov 09 with Nov 07, perhaps not so good then?

I am worried once the scrapage scheme comes to an end and VAT returns to 17.5% (or more), the car industry will be in big trouble next year. The regular prices rises thanks to the weak pound - euro exchange rate don't help either.

4 December 2009

[quote VX220EDDIE]and i still maintain that it would have been better for the uk economy if the scrappage scheme was only available to british built cars i.e astra mini civic etc instead this has really helped mainly korean built cars from hyundai and kia another slip up by our government! [/quote]

What a load of nonsense. Of course it helped that British built cars were available on the scrappage scheme (built with a huge amount of foreign components no doubt), but it also helped that foreign cars were available. By putting money into the economy as a whole (dealer networks, distribution centres, shipping companies) it's not put British business at any significant disadvantage, has it? It helped keep more people in jobs in the dealerships than otherwise there would have been.

There are pros and cons to the scrappage scheme but to say that it has 'really helped mainly Korean built cars from Hyundai and Kia...*insert Daily Mail opinion here*' is frankly absurd.

4 December 2009

[quote jimmy_j]There are pros and cons to the scrappage scheme but to say that it has 'really helped mainly Korean built cars from Hyundai and Kia...*insert Daily Mail opinion here*' is frankly absurd.[/quote]

'pros and cons' eh. certainly a con.

'frankly absurd' - such grand language. except it's 180 degrees opposite to the facts.

Hyundai/Kia(one company) took 7% of the November market. that's more than Toyota, Nissan, Honda, and Renault, and just behind VW, PSA and not far off Vauxhall's plummeting 9.9% share - down from 14% in 2008.

Hyundai/Kia took over one-fifth of all scrappage-funded registrations in November.

as for UK economy being boosted you obviously chose to ignore the recent news article on the damage to the UK's economy by Scrappage, as it has caused the importing of more cars, widening UK's trade deficit and stunting its GDP through money leaving the country which otherwise would have been spart on domestic produce/services - partly explaining whu UK is only G20 country still in recession. I know it's 'absurd', 'frankly', but thems facts, rather than BS.

4 December 2009

[quote BigEd]which otherwise would have been spart on domestic produce/services - partly explaining whu UK is only G20 country still in recession.[/quote]

- sorry about the frankly absurd spelling:

[quote BigEd]which otherwise would have been spent on domestic produce/services - partly explaining why UK is only G20 country still in recession.[/quote]

4 December 2009

BigEd.

Very well said mate,its so good to read the

truth.

Its not something you see that often these days.

4 December 2009

Cue the SMMT, Autocar and the like starting to whinge about how the end of scrappage and the VAT hike will mean disaster to the motor industry...

Welcome to the real world..

4 December 2009

[quote catnip]Cue the SMMT, Autocar and the like starting to whinge about how the end of scrappage and the VAT hike will mean disaster to the motor industry...[/quote]

'“The increase in new car registrations in November reflects the positive impact of the Scrappage Incentive Scheme, customers avoiding the VAT increase in January and the very difficult conditions we experienced a year ago,” said Paul Everitt, SMMT chief executive. “SMMT is urging government to use its Pre-Budget Report to sustain the recovery and generate business confidence by stimulating demand in key parts of the new vehicle market.” '

SMMT's press release on today's Nov. reg. figures, with whinging urging as predicted by 'catnip'.

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