Dealer opinion on whether the Government should re-introduce a scrappage scheme to the UK.
Dealer opinion was in favour of reintroducing a scrappage scheme, but it's not a massive majority with 67.8% for and 32.3% against.
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"Despite manufacturers trying to replicate the high cash offers they have never captured the imagination of the general public like the scrappage scheme did."
"Stimulus in the motoring industry would have a far reaching impact on the wider economy."
"How often do we get the chance to operate with a real win/win programme? There are no silver bullets, but giving the industry the opportunity to drive more sales into the market and increase the now 20% VAT intake, must be a good plan."
"If structured correctly the VAT benefit will make it
"Dealers have learned how to retain the customer in the networks better since the last scheme."
"The motor industry needs an injection to get it moving again, scrappage is a logical answer. Either that or reduce VAT to 15%."
"The market should be left to find its own level and it should be driven by new product. The call for scrappage could cause customers to delay purchasing and cause more damage than good."
"We cannot justify it at current sales levels. We have to learn to trade in these economic conditions."
"It is a market distortion and a massive taxpayer subsidy for the Korean economy."
"They need to reduce the VAT margin on used car profit and overhaul the business rate regime, then get banks lending to the motor sector who are not in the AM200."
"The industry is rightsizing after years of being pushed by manufacturers dumping excess stock in the UK."
"During the last scheme, there was a significant drop in used car profitability, which was not compensated through the increased new car volume."