Scrappge sales in the UK have nearly reached 300,000 units, according to the latest SMMT figures.
The £400 million set aside for the government-backed scheme is set to run out at the end of next month, and SMMT Paul Everitt is pleased with the effect it has had on new car sales in the UK.
“The Scrappage incentive scheme has helped significantly to increase new car registrations in each of the last six months, including a 38.9 per cent increase in the December 2009 market,” said Everitt.
“This has provided an important boost to the UK motor industry and greater confidence for consumers. The scheme will continue until the end of February and there is still an opportunity for around 85,000 more consumers to take advantage of it.
“Alongside the economic benefits, the scheme has helped to promote the take-up of cleaner, safer and more fuel efficient vehicles.”
A total of 284,479 cars have been registered so far under scrappage, with 4494 light commercial vehicles also registered. Ford has registered the most vehicles under the scheme with 34,037, but Hyundai is not far behind, registering 33,297 units under scrappage.