The Car Hub

As the title states the scrappage scheme will come to an end in February 2010 at the latest, so said a government spokesman.
We at The Car Hub have not been fans of the ongoing support for foreign cars, for that is what this scheme has been.
Last month, October, saw the release of trade figures for September which showed the importation of extra cars to supply the scrappage scheme cost the country an extra £1.1billion
Our team have constantly advocated that there has been no support for the second hand car trade, no support for MOT garages who now have less business and no support for the “parts” market which will also have less customers.
With this announcement that the scheme is to end, plus the increase of 2.5% VAT in January the result is bound to be a surge in orders for new cars within this period. That surge in orders will simply mean higher importation of cars and further worsening of the trade balance; one in five cars is said to be for Hyundai vehicles.
The day of reckoning will arrive one day and we will then see the real result of this scheme.
The Car Hub has always been behind a scheme for 0% interest for the purchase of both new and second hand cars which would have provided all round support for the whole motor industry. The government could have supported this 0% at probably a lesser cost than the scrappage deal which has reportedly cost over £7billion between the USA, UK and Germany.
The Car Hub