Car scrappage scheme `raises buyer interest`
11 June 2009
The Government`s car scrappage scheme has led to an increase in new car inquiries, according to new research.
The Retail Motor Industry Federation (RMIF) said that the vast majority of car dealers have reported increased interest, with the most interest being shown by middle-aged customers who are willing to pay up front, according to the RAC.
However, the latest report from the Society of Motor Manufacturers and Traders (SMMT) reported a 24.8% annual fall in new car registrations - although it pointed out that the report did not account for the effects of the scrappage scheme, which only came into force on May 18th.
A spokesperson for Think Cars said: "It`s too early to say what effect the car scrappage scheme will have on actual sales, but there are indications that the impact will be positive.
"However, a new car is a big expense, even with a discount - and buyers should carefully consider how they will fund their purchase. If they are looking to take out a car loan, it`s worth speaking to a car finance expert beforehand for advice on where to find the best deal."
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