Drop in car sales reduced by new scrappage incentive scheme

UK new car sales 25% lower in May

http://news.bbc.co.uk/2/hi/business/8082583.stm

In May 2009, the car sales have dropped with 25%, compared to May 2008. The Society of Motor Manufacturers and Traders (the SMMT) said that the amount of new cars sold in the UK last month was over 134 thousand. The numbers do not show the impact of the car scrappage incentive scheme, which came into effect on 18 May. Chief executive of the SMMT says that June could show improvement. Since the scrappage incentive scheme was introduced, there have been more orders. It will just take time to feed this into the registration figures. Car industries suffer all around the world due to the economic crisis.

I believe it is a very good thing, the car scrappage incentive scheme. It helps the car industry to stay alive during the economic crisis. Otherwise, many companies could go bankrupt. After the economic crisis is over, we will not have the same companies as before, although we will need them then. I believe it is smart to help people buy a new car in difficult times. The car industry and the government help the British people together. It is sad that measures like this one are necessary, but it is a good solution.