Scrappage scheme-The manufacturers taking part
The scrappage scheme incentive announced as part of this week’s Budget has already received several carmakers confirming they will be taking part.
The scheme is dependent on the voluntary involvement of the manufacturers who will stump up half of the £2,000 incentive.
The scheme will open to motorists who purchase a new car from a participating dealership and trade in a car of 10 years or older. Expected to be introduced as early as mid-May and finish by early 2010, the incentive will also apply to light commercials. Many of the participating carmakers have been quick to add additional terms and sweeteners to further encourage consumers back to the showrooms.
So far those taking part include:
Toyota
The world’s largest car producer, keen to boast that the manufacture of the Auris model takes place at their Burnaston plant in Derbyshire, instantly confirmed that its family model would be available on the scheme. Toyota has yet to confirm if its other models will be available on the scrappage scheme but further details are expected soon.
Nissan
Quick to point out that they are the UK’s biggest car producer, Nissan expect to capitalise on the interest in protecting and reviving UK industry and jobs. With their famous Sunderland plant employing 3,900 and producing people producing the Qashqai, Micra and Note models, who can blame them? Nissan have also extended the incentive to cover cars up to 8 years old which means that they will have to stump up the full £2,000 themselves to cover the incentive to trade in an 8 or 9 year old vehicle.
The standard £2,000 scrappage incentive made up of a £1,000 discount from the government will be available on all new Nissan models, including Nissan’s LCV range for owners of pre-1999 models. However, Nissan will also offer £2,000 off one of their British built range aged for customers who trade in their 8-10 years old vehicle.
Citroen
Weeks ahead of the announcement of the government’s scheme, Citroen announced it would be running a £2,000 scrappage incentive of its own against selected models such as the C4. The announcement of the government’s scheme will just make it cheaper for the cheeky French carmaker!
No need to wait until next month, Citroen already offer £2,000 to customers with a vehicle registered before 2000 (vehicles will be scrapped via an Authorised Treatment Facility (ATF) or a £1,000 to customers with a vehicle registered between 1st January 2000 and 31st December 2002, with is no obligation to scrap the younger vehicles.
The Citroën Trade-In Incentive Scheme cashbacks apply to all new cars (excluding C1, C2, C3, C3 Pluriel, C3 Picasso and Berlingo First Multispace) with a customer order placed 1st-30th April and registered by end of June 2009 and the cashback can even be used towards any deposit.
Volvo
Volvo will offer the C30 DRIVe S40 saloon and V50 Sportswagon DRIVe models will be on the scrappage scheme. The Swedish carmaker will also provide an additional deposit contribution for those customers who take out Volvo finance.
Hyundai
Boosted by the German scrappage scheme, Hyundai saw sales jump of the i10 city car leapt 662 per cent in the first quarter of the year in Germany. Needless to say, the Korean brand expect similar success with the UK scheme and hope that their already buoyant i10 and i20 UK sales of will go from strength to strength.
Kia
Kia has confirmed that it will be taking part although it will wait until the final details are confirmed before letting us know which models will be available on the scheme. However Kia expects that with the £2,000 incentive plus a £1,000 deposit from the customer, their Picanto model will be available for less than £40 a month – just £10 a week when bought on Kia Access finance. Even without a customer deposit of £1,000, the Picanto is available for only £20 a week!
Renault
Renault expect to make the £2,000 incentive available on their Twingo, Clio, New Kangoo and New Mégane, plus LCV ranges and could well offer even greater incentives on certain models. Details have yet to come through.
Ford
Ford plans to boost the potential of the Government’s vehicle scrappage scheme with the addition of supplementary discounts on all its larger cars, which together represent savings of up to £4,500 on a new Ford Mondeo, for example.
The Government scheme will apply on Ford’s latest models, the Ka and Fiesta but for customers who require larger vehicles the “Scrappage Plus” discounts should mean an additional £1,250 off a Ford Fusion and extend to £3,000 off a Ford Galaxy.
BMW and Mini
BMW will match the government’s £1,000 contribution to make total saving of £2,000 off a new BMW or MINI. No confirmation has been made as to exactly which models will be available on the scheme, but BMW have hinted that additional discounts may be available as well. The BMW 116i Sport for example, (rated four stars on RoadTestReports.co.uk) will be available with the scheme discount and dealership discount amounting to £3,260 meaning that a new model can be bought for just £13,960.
Volkswagen
Volkswagen has announced that it intends to participate in the scheme. Exact details are expected to be announced in due course. In the meantime, buyers are being be encouraged to register their interest in purchasing a new Volkswagen with the help of the scrappage scheme with their local Volkswagen Retailer.
Mercedes-Benz and smart
The forthcoming smart fortwo cdi cabrio – with CO2 emissions of just 88 g/km – will be available to customers taking advantage of the scheme, including the full £2,000 saving. Other smart models including the invigorating BRABUS performance range will be available.
Additionally, every Mercedes-Benz – from A-Class to S-Class – will participate in the scrappage scheme. Mercedes are expected to add extra discounts and incentives on top of the £2,000 on some model.
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