It's early days, but the government's car scrappage scheme seems to have given a bit of a boost to automotive demand. The government has released figures today showing more than 35,000 orders since the announcement of the £2000 scrappage subsidy. This, they argue, equates to one scrappage scheme order out of every five new car orders in this period.
Certainly every time you turn on a TV there seems to be a new car advert urging consumers to make the most of the scheme and this will provide some much needed good news for the UK automtive sector as it hold its breath and awaits the outcome of the ongoing political manoeuvring around the GM decision...an annoucement, on which, is expected at lunchtime today