Scrappage incentive sends U.K. car sales up 30%

Discussion in 'Economics' started by ASusilovic, Feb 4, 2010.

  1. LONDON (MarketWatch) -- U.K. car registrations surged 29.8% in January to 145,479 units, the seventh month in a row of rises. The scrappage scheme accounted for 17.8% of sales despite the return to a 17.5% value-added tax, the SMMT trade group said. Separately, car scrappage incentives in the U.K. were extended to the end of March. It expects sales to fall 9% in 2010.
  2. Do they call it "Pounds and Pence for Clunkers"? :confused: :D