This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8135717.stm
The article has changed 11 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Scrappage scheme lifts car orders | Scrappage scheme lifts car orders |
(10 minutes later) | |
The UK's car scrappage scheme has started to have a "positive impact" on the industry as new car sales fell at their slowest rate for almost a year. | The UK's car scrappage scheme has started to have a "positive impact" on the industry as new car sales fell at their slowest rate for almost a year. |
New car registrations fell by 15.7% in June compared with the same month last year, smaller than May's 25% drop. | New car registrations fell by 15.7% in June compared with the same month last year, smaller than May's 25% drop. |
The Society of Motor Manufacturers and Traders (SMMT) said 176,264 units were sold during the month. | The Society of Motor Manufacturers and Traders (SMMT) said 176,264 units were sold during the month. |
The scrappage scheme, which offers a £2,000 incentive to scrap cars over 10 years old, came into effect on 18 May. | The scrappage scheme, which offers a £2,000 incentive to scrap cars over 10 years old, came into effect on 18 May. |
'Steady progress' | |
Half of the money will be paid by the government and half by the car industry. | Half of the money will be paid by the government and half by the car industry. |
TOP SELLING CARS IN JUNE 1. Ford Fiesta2. Ford Focus3. Vauxhall Corsa4. Vauxhall Astra5. Peugeot 2076. Mini7. Volkswagen Golf8. Ford Mondeo9. Vauxhall Insignia10. BMW 3 Series | |
"We are beginning to see the positive impact of the scrappage scheme translate into new vehicle registrations," said Paul Everitt, chief executive of the SMMT. | "We are beginning to see the positive impact of the scrappage scheme translate into new vehicle registrations," said Paul Everitt, chief executive of the SMMT. |
"SMMT expects the pace of improvement to increase in the coming months, but we can already see the industry making steady progress on the long road to recovery." | "SMMT expects the pace of improvement to increase in the coming months, but we can already see the industry making steady progress on the long road to recovery." |
Although June was the fourteenth month in a row to see sales of new cars fall, it was the smallest monthly decline since July 2008. | |
The number of new cars sold in the UK in June was 176,264, about 15% more than the 153,000 figure predicted by the SMMT in April. | |
Private buyer registrations were up 3.9% during the month, the first rise in this sector since November 2007. | |
And demand for small cars picked up - with the "mini" segment showing 145.4% growth and "superminis" taking a record 37.2% share of the market. |