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Car production declines 55%
Car production in the UK fell by 55% in April compared to a year ago, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
The car industry are hoping that the government's new car scrappage scheme, which became operational at the start of the week, will help to reverse the decline in sales.
Under the scheme motorists that scrap cars registered before August 31st 1999 to buy a new car receive £2000, which is provided equally between the government and the car industry.
"With the scrappage incentive scheme fully operational, industry is optimistic about the positive impact this will have on the market and on UK production facilities," said Paul Everitt, SMMT chief executive.
Post Date: May 22nd, 2009
The car industry are hoping that the government's new car scrappage scheme, which became operational at the start of the week, will help to reverse the decline in sales.
Under the scheme motorists that scrap cars registered before August 31st 1999 to buy a new car receive £2000, which is provided equally between the government and the car industry.
"With the scrappage incentive scheme fully operational, industry is optimistic about the positive impact this will have on the market and on UK production facilities," said Paul Everitt, SMMT chief executive.
Post Date: May 22nd, 2009
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