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Sep 8, 2009

STIMULUS FUNDS * UK - Scrappage is failing to boost LCV sales

London,UK -Road Transport -7 September 2009: -- The government's scrappage scheme is failing to boost light CV sales in the same way that it has for car sales, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT)... Scrappage scheme registered sales have accounted for just 3.3% of total LCV registrations in August, while new car registrations in the scheme made up some 25.1%, with a total of 16,848 sold in the same month... A total of 1,706 vans have now been registered through the government's vehicle scrappage scheme since its introduction in June. In August, 247 LCVs were sold under the scheme..

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