The figures for car registration have been released and saw a 24.8% decrease in new registrations over the same month last year. However some see this as a positive thing as private sales only dropped around 13% suggesting the £2000 bonus for scrapping a car over 10 years old may have had some affect. Then we consider we are measuring new registrations not purchases and that the scrappage scheme did not tart until 18th May it is possible to conclude that the real effect of this can not be measured accurately yet.
There are still mixed opinions coming in from the media. You will find customer who has traded her old car and gained money and then another who does believe there is much difference in prices than before the scrappage scheme.
As usual it is difficult to try and guess what the car buyer will do. On one hand high street shops say sales are down, but out of town DIY stores like B&Q are doing well and there was a little rise on house prices. So where the new car buyer fits in with this is anyone’s guess