Scrappage scheme success hailed

The popular "cash for bangers" car scrappage scheme led to the registration of almost 380,000 new vehicles by the end of March, a new study has shown.

According to figures released by the Society of Motor Manufacturers and Traders (SMMT), the car scrappage scheme - a combined effort by the Government and motor industry - saw a total of 372,401 vehicles were sold.

However, a small number of registrations are yet to be tallied, the report added.

The scheme, which ended in March, was launched in May last year to help revive the recession-hit automotive industry by boosting new car sales.

Meanwhile, the initiative also helped in reducing the environmental impact of the country's car population.

The SMMT revealed new cars sold through the scheme had an average CO2 value of 132.9g/km, which is 27.1% lower than the average CO2 of the scrapped cars.

SMMT chief executive Paul Everitt said: "Final scrappage orders had to be placed by the end of March and already almost 380,000 vehicles have been registered, out of the 400,000 available.

"The scheme has provided a hugely important stimulus to the market and leaves the industry in far better health than we saw in pre-scrappage 2009. Consumers will also benefit from the improved fuel efficiency, the latest safety features and cleaner tailpipe emissions available from the new vehicles purchased through the scheme."

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