Latest news on the car scrappage scheme

Over three quarters of the £400 million budget that was allocated for the car scrappage scheme has been used. So the Government is now set to impose a quota system to motor manufacturers for the remainder of the scheme.

There is now funding for less than 82,000 new vehicles so we expect the scheme to finish shortly as the remaining orders are placed. The allocation of order quotas is to try and ensure a smooth closing of the system.

The scheme has been a success which has helped to boost new car sales and also maintain jobs in the car manufacturing sector. The scheme has also had a good impact on the sale of new commercial vehicles, which have taken quite a hit when you look at sales figures year on year.

Portfolio Display can supply motor dealer display products for the scrappage scheme if dealerships want to promote the scheme during the last remaining months. View our forecourt display product range for ideas on how we can help to achieve those last few scrappage scheme sales.