Ford is launching a scrappage scheme of its own to persuade owners of vehicles aged over seven years to trade them in for a new Ford. Open to British consumers, Ford’s scheme offers a trade in value of £2,000 on pre-2010 registered vehicles on the purchase of selected new Ford models.
While BMW and Mercedes-Benz now have scrappage schemes focused on the trading in of older diesel powered vehicles, Ford states that it will accept petrol-engined vehicles too, with light commercials also being included within its programme.
Ford’s says that its scheme will ensure that all part-exchanged vehicles built to emission standards that applied before 2010 are scrapped, which should immediately have a positive effect on improving air quality.
Environmental campaigners say that Ford’s scrappage scheme is a step in the right direction but that the government had to do more. Running up until the end of December, Ford has opened its scheme for trade in vehicles of any make or model.
Earlier this year, Vauxhall ran a similar scrappage scheme in addition to offering similar deals in 2015 and last year. New car sales are slowing and sales figures are beginning to indicate a sustained reduction in demand. It’s the first decline in six years, and Ford, Mercedes-Benz and BMW are obviously hoping that their respective scrappage schemes support the sale of their new cars.
New car registrations fell for the fourth month in a row in July. The lack of transparency about the government’s future plans on new taxes on diesel-powered vehicles is just one factor responsible for this sales decline, that and the current insecurity surrounding Brexit.