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SMMT welcomes cash for bangers

Thu, 23 Apr 2009
The introduction of a vehicle scrappage incentive scheme should encourage more Brits to think about buying a car, it has been claimed.

According to the Society of Motor Manufacturers and Traders (SMMT), the cash for bangers programme is good news for customers and dealerships alike.

Chief executive Paul Everitt stated: "The scheme recognises the economic value of the motor industry and we are determined to make it a success."

The initiative, which was unveiled in yesterday's Budget, means motorists with vehicles that are over ten years old can trade them in to be scrapped in return for £2,000 towards a new model.

In order to be eligible, people must have owned the car they intend to get rid of for a minimum of 12 months.

SMMT said it would be finalising the details of the scheme over the next few days.

Last month, SMMT reported carbon dioxide emissions for new autos fell more steeply in 2008 than ever before - with the average model now releasing 158 g/km.

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