The British government said that its newly launched car scrappage program has accounted for more than 35,000 in new car sales. The program was launched about a month ago.
Vehicles more than 10 years old are considered scrap. The British government and the auto industry are sharing the cost for the program, which gives £2000 ($2,898 USD) discount on a new car to buyers who trade in their 10 year old model.
Gordon Brown, Prime Minister, said that the program helps consumers protect jobs by stimulating demand for new vehicles.
The new incentive will run until March 2010.
– By: Omar Rana
Source: Detroit News