Hyundai benefits most from scrappage
Hyundai has taken the lion's share of scrappage sales, according to new figures from Reuters on the cash-for-bangers scheme.
Smaller cars have been the most poplar buys under the scheme, with Hyundai well set to take advantage with its i10, i20 and i30 models.
The government says over 60,000 orders have been taken since the scheme was announced in April.
Between 23 April to 7 June 7 Hyundai received 8,246 new orders, with Ford second on 8,050 and Toyota on 7,800 vehicles.
Most orders are for low-CO2, high-mileage models, with running costs to the fore in the choices of scrappage vehicles.
That means that the government could claim that the scrappage scheme will result in a net gain for the environment, but the benefit to UK manufacturers, or manufacturers with factories in the UK are less apparent.
Ford, Toyota, Vauxhall, Nissan, Honda and Mini have plants in the UK, but Jaguar Land Rover and premium or sports brands such as Bentley, Aston Martin and Lotus are unlikely to see much increase in orders as a result of the scheme.
Figures from manufacturers contacted by Reuters are as below:
Hyundai – 8,246
Ford – 8,050
Toyota – 7,800
Kia – 7,300
Volkswagen – 4,591
Vauxhall – 3,909
Nissan – 3,202
Renault – 2,600
Peugeot – 2,500
Citroen – 2,500
Honda – 2,335
BMW and MINI – 1,722
Mazda – 1,355
Volvo – 1,161
Chevrolet – 950