The
scrappage scheme is helping consumer confidence, but the UK
motor industry remains in a troubled state. Despite increasing
numbers of
new car orders, it will take some time before new
registration figures recover.
The last two months have been difficult for the
vehicle market, with falls of 24 per cent and 24.8 per cent in
new
car registrations for April and May respectively. The figures
were gleaned from reports by the Society of
Motor Manufacturers and Traders.
The chief executive of the SMMT, Paul Everitt, reportedly
commented: While consumer confidence is improving, the UK
motor industry is still facing a difficult economic climate. We
have seen an encouraging start to the scrappage incentive scheme
with 35,000 orders being placed since it was announced, although it
will take time to feed into registration figures.
Car dealers are seeing new car enquiries climb, although levels
of
car finance remain low.
