Professional Engineering (!) includes an article on Scrappage.
Information included in the article includes:
* 400,000 new car registrations credited to scrappage
* 85% of cars registered under scrappage were imported
* Big winners were Hyundai and Kia
* Hyundai have doubled their share of the UK new car market
* UK car sales up 26.6%
* Jaguar Landrover sales up 43% last month on March 2009, 3% due to UK scrappage, 80% of last months sales went for export.
In addition German car sales up 23.2% due to their scheme, many of these were imports.
At an average price of £8k the sales generated £100m in VAT
So did scrappage benefit the UK motor industry, or the exchequer.
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Good news for who ? new
Good news for who ? new