Funding for 60,000 cars remains in scrappage

A total of 25,846 new cars were registered through the scrappage scheme in January, 17.8 per cent of the month's total.

So far, 3311,159 cars have gone through the scheme since it was launched in mid-May 2009. Petrol cars account for 83 per cent of cars bought through the scrappage scheme, compared with 58.5 per cent recorded in the overall market between May and January.

Small is big

Small cars continue to dominate scrappage registrations, with mini and supermini segments accounting for 70.5 per cent of new cars ordered under the scheme, compared with a 41.8 per cent share in the overall market and a 41.6 per cent share of vehicles scrapped through the scheme.

SMMT chief executive Paul Everitt said, "Scrappage accounted for 17.8 per cent of January new car registrations, the lowest percentage since the first full month of the scheme.

"With funding for over 60,000 vehicles still available, we welcome last week's announcement by government to delay the scrappage close date into March.

"Scrappage continues to provide an important stimulus to the new car market, although the decreasing reliance on the scheme to deliver market growth is encouraging news for post-scrappage stability."

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