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Leading car parts supplier has cautiously welcomed the government’s car-scrap proposals, which could see drivers offered as much as £2,000 to scrap their current car for a newer model.

Owners of vehicles which are more than nine-years old could receive a £2,000 incentive to scrap their cars in favour of a newer model under the scheme proposed by business secretary Peter Mandelson as he looks to stimulate the struggling car industry.

Under the plan, owners would be offered a credit of up to £2,000 for scrapping their current vehicle, which can then be used to offset the cost of purchasing any new vehicle, up to one year old.

The motor industry is undoubtedly one of the biggest victims of the current economic recession, with a number of manufacturers in the UK cutting back on jobs and production. Those cuts have had a knock-on effect in the car parts industry with numerous suppliers struggling to survive with increased costs, due to the strength of foreign currencies against the Sterling, and reduced orders from manufacturers.

The proposal has been largely welcomed by the industry, with a similar scheme currently being run in Germany boosting new car sales by 21% in February. Conversely, the number of new vehicle registrations in the UK fell by that very amount in the same period.

However, the scheme does represent a near abandonment of many of the government’s “green” policies, with drivers effectively being incentivised to scrap what may be otherwise perfectly safe, operational vehicles in favour of new models. The plans will also do have minimal impact on the availability of credit in the banking system, meaning that many would-be buyers may be unable to take advantage of the scheme.

In reaction to the announcement, Matt Bott, Operations Manager at said: “Money conscious customers have shown that demand is there for second hand car parts and with this initiative, we can confidently expect a new wave of productivity and exciting sales growth in the car breakers industry.”

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This press release was distributed by ResponseSource Press Release Wire on behalf of SEPR in the following categories: Motoring, Transport & Logistics, for more information visit