Research carried out by Vauxhall Motors has revealed that more than 150,000 old cars have been traded in as part of the government’s ongoing scrappage scheme.
The figures showed that in London, one in ten drivers have exchanged their vehicle for a newer model as part of the scheme, while in areas including Cornwall and East Anglia this figure is closer to one per cent of all motorists.
Anyone trading in their vehicle as part of the scrappage scheme might want to remember to purchase new car insurance, as in many cases newer vehicles can have lower premiums in comparison to older models.
Simon Ewart, from Vauxhall Motors, commented: “We fully support the scrappage scheme and feel that the first ever ‘Cash Car’ is a great way to bring to life the benefits of trading in your old car for a newer, safer and more environmentally friendly model.”
Meanwhile, figures by BCA Pulse recently revealed that the average used car value in the UK has risen by three per cent over the last three months to stand at £6,028 in July – the first time that this figure has exceeded the £6,000 mark.
