UK: Scrappage scheme tempers full-year decline

New car registrations in the UK jumped 38.9% year-on-year in December to 150,936 units. The growth has been attributed to the government’s scrappage incentive scheme (SIS) and buying brought forward ahead of January’s VAT increase. Despite December’s growth, full-year car sales remained down 6.4% year-on-year at 1,994,999 units, the lowest level It’s time to log … Continued

• By Webmaster
• January 7, 2010