Hyundai cashes in on scrappage scheme

This is more than the 11,209 cars the company sold in the first four months of the year, according to SMMT figures.

The company is placing orders with the parent in Korea for further consignments of i10 and i20 models. The top seller is the i10, which costs from £4,995 including the scrappage allowance.

Weak won

Hyundai is benefiting from the weakness of the Korean won.

This week, Glass's Guide warned that some car makers may limit supplies of small cars to the UK and give greater support to scrappage schemes in mainland Europe because of the weak pound.

Glass's Guide managing editor Adrian Rushmore said some small cars, already in demand before the introduction of the scrappage scheme, were in short supply.

Glass's warning

"It is possible that certain models simply won't be available within the scheme's stipulated 16-week timeframe for delivery.

"This situation will be aggravated if manufacturers limit supply to the UK because of the low value of sterling against the euro, recognising that it may be more profitable for them to support scrappage schemes elsewhere in Europe," said Rushmore.

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