UK car sales up 57% in November

Scrappage scheme helps car sales rise

In brief: The SMMT consider the scrapping scheme to be the main reason for it

Statistics from the Society of Motor Manufacturers and Traders (SMMT) show that new car sales were 57.6% higher this month compared to a year earlier. This November they are on 2007 levels.

The Government’s scrappage scheme is considered the main reason for the sale increasing. This scheme, which allows the buyers to save money offering their old cars to scrap in exchange for a £2,000 off the new model, was introduced in May this year.

Though there are now uneasiness that the sales might fall when the Government uses all the money for the initiative and the outlook for 2010 will be uncertain due to that, the SMMT now expects the full 2009 sales total to be above 1.95 million. This would be around 200,000 less than last year.

Olga Bespalova
2009-12-04 11:01, Economics.

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