According to figures from the Society of
Motor Manufacturers and Traders,
car sales for 2009 hit the lowest level for 14 years, down 6.4%
on 2008 totals. This was despite a 39% increase in sales of
new cars as the
car scrappage scheme continued to encourage
car buyers . 2010 is predicted to be an extremely challenging
year for
car buyers.
The car scrappage scheme offers buyers a 2,000 pound discount to
trade in an old banger, which is part funded by industry and
government and has had a strong role in keeping the
car industry afloat through 2009. The scheme will end in
February.
Paul Everitt, the chief executive of the SMMT was reported as
saying: Another tough year awaits the UK motor industry in
2010, with
new car registrations expected to be below 2009 levels and only
limited recovery in the van and heavy
commercial vehicle markets. Sustaining the progress made in the
latter part of 2009 will require stronger demand from fleet and
business buyers, alongside the greater availability and
affordability of
credit and
finance .
