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Just recently statistics have been released that shows new cars sales have fallen to their lowest April level for the last 18 years, which has also ultimately made it the eleventh month in a row of decline.

But car makers are not getting too worried as they are hoping that the new scrappage incentive scheme will revive the industry, basically people are going to be given around £2000 if their cars are older than a decade, this money will then have to be spent against a new car of your choice. This should help promote the industry.

Government officials have said that the scheme is actually designed to remove polluting cars from the road, but I personally believe that it has much more too do with the current economy, they are trying to get the automobile industry live and kicking again and the best way to do that is by offering people a bargain.

A vast amount of people have actually turned to purchasing used cars because they are alot more cost effective, but is this always the solution? The negative thing that I have seen with used cars is that they all end up breaking after a while. The good thing about buying a new vehicle is that you are always guaranteed that it will be in working condition for at least 2 years.

Although the motor sector is still suffering at the current time I do expect it to pick up by the end of the year, we all know that the government are injecting money into the global economy so things should only start to look better. Lets just hope that the scrappage scheme will last forever.

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1 comment

    Do you realy think that the new incentive scheme will revive the car industry? Actually all industries are suffering from the financial crisis and i fear that the car industry is in deep trouble as well. Anyway, it’s still good to know.. May be i’d sell my old toyota and go for a Saab Car


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