Nov-16th-2009
Scrappage sees UK car sales surge
New car sales recorded their biggest increase so far this year in October, helped by the scrappage scheme. The Society of Motor Manufacturers and Traders (SMMT) said 168,942 new cars were registered last month, an increase of 31.6% compared with October 2008. The SMMT said the “cash for bangers” incentive scheme had accounted for more than 20% of the new car sales. Demand was also helped by customers wanting to avoid the VAT increase due in January, it said. ‘Encouragingly, there has also been an increase in demand in the fleet and business sectors, which will be critical in sustaining recovery next year,” said SMMT chief executive Paul Everitt.
One or Two Related AspectsDebt Recovery from Federal Management.
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