Car sales down 30% in first 10 days as scrappage scheme take up is poor

[Dreaded_Estate]

Really so do tell us what the Revenue effect is then.

IMO slightly positive over the very short-term by bringing forward some car purchases that in all likelihood would have happened over the next 2-3 years but are now happening at an expense to revenue.

The effect on the economy is definitely negative by increasing imports at the expense of domestic spending. The gains from the retention of some jobs in car sales will be more than lost in other areas of the economy.

[bessiebell]

Does the scrappage scheme apply to commercial vans and lorries? Their sales are up even more than private cars.

[charley]

Does the scrappage scheme apply to commercial vans and lorries? Their sales are up even more than private cars.

no, but theirs was so bad last year that any sales would be an improvement

[charley]

euro at 90p sterling expect to see imports rise again