With the scrappage scheme not due to end until the end of March, 6 manufacturers have announced that they have already run out of funding. Vauxhall, Fiat, Volkswagen, Kia, Audi and Hyundai have all had to suspend orders based on the scrappage scheme due to using up their allocation of funds.
There is real fear within the industry that the end of the scrappage scheme could be spark a serious fall in new car sales. To try to counter this many manufacturers are planning to launch their own scrappage schemes, with Vauxhall last week launching theirs. There is a really feeling that once the Government’s scheme ends their will be a real shortage of new car deals available to consumers and sales could plummet. Vauxhall’s scheme should at least mean that there are some good new Vauxhall deals in the market and surely more manufacturer’s will follow.