Luxury car dealers have not really benefited from the scrappage scheme either. The scheme, designed to boost new car sales by offering motorists 2000 pounds off the price of a new car when trading in a 10 year old model, has been a great boost to small carmakers, including Ford, Renault and Fiat. The idea of saving 2000 pounds off the price of an 8000 pounds car is quite appealing, but if you can afford to buy a 30000 pound car, the 2000 pound saving is probably not what attracted you.
In July, the industry reported its first rise in car sales in 15 months, and the scrappage scheme has no doubt helped moved things along. Unfortunately, the best sellers list does not contain luxury makes such as Lexus and Land Rover. Dorset, Devon and Somerset car dealers have seen some of the highest enthusiasm for the scheme, with 11% of scrappage sales being registered in south west England. Ford has secured most of the scrappage sales, closely followed by Hyundai and Toyota.