Automakers line up for UK scrapping scheme
The powers-that-be in the United Kingdom have announced a vehicle scrapping plan that would pay motorists 2,000 pounds to turn in a vehicle that's at least 10 years old in exchange for a new car or truck. In reality, the government is only chipping in half that amount, and the automakers themselves are expected to throw in the other thousand pounds.
There were a number of dissenting opinions coming from the car companies that weren't sure about the merits of matching the government's £1,000 figure, but Autocar is reporting that Ford, BMW, Citroen, Hyundai, Nissan, Renault, Toyota and Volvo have all announced their plans to take part in the program. We'd be surprised if the majority of the remaining car manufacturers didn't join in too.
Despite the fact that these automakers are officially offering their half of the scrapping incentive, individual dealerships will still be able to set their own final price for any specific car.
[Source: Autocar | Image: Matt Cardy/Getty]
Reader Comments (Page 1 of 1)
Johannes 8:40AM (4/24/2009)
Yay, I want a new HUMMER!
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jharlan 10:31AM (4/24/2009)
This is great for those who were going to trade up anyway.
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Mike Z 11:32AM (4/24/2009)
Yeap, of course I could skip the middleman and just steal money from my neighbor and put that towards a new car too.
harlanx6 12:03PM (4/24/2009)
Is this part of the fairness doctrine?
Tim 10:26AM (4/24/2009)
This is a good one….
"In reality, the government is only chipping in half that amount, and the automakers themselves are expected to throw in the other thousand pounds."
This is a LIE! The automakers are using the taxpayer's bailout redistribution for the "other thousand pounds".
This is just another Progressive-Fascist redistribution scheme.
Recycling the old car and producing a new “fuel efficient car creates MUCH more “greenhouse gases” than would have been produced had the old cars just stayed on the roads to the end of their useful lives.
http://www.autobloggreen.com/2009/04/02/sema-comes-out-against-cash-for-clunkers-again/
Now, the poor “green” fools will be stuck with new car payments and higher insurance costs for the new “greener” cars.
Winners: Car Companies, Insurance Companies, Banks and of course the politicians they own.
Losers: Working SUCKERS, “green” fools and the environment.
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Richard 10:33AM (5/26/2009)
Its nice to see a host of manufacturers getting on board. It will certainly help me as i own a scrap yard. The specifics of the schemes vary quite heavily between countries i believe. http://www.metrosalvage.co.uk/car-scrappage.html
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