Scrappage scheme in Dec budget?

Tremone

I couldn't see this thread topic but I am surprised it wouldn't be here. What do you think the chances of a scrappage scheme being introduce. They say the irish car industry is on it's knees so maybe.
I personally own a 99 octavia with 185k on the clock so I am praying for it!

egan007

You could pick up a free car on adverts.ie to trade anyway...

Scrappage is fine in the UK where they make cars so it's an export hence boosting the economy.
We don't make cars so it's an import hence sending money to the UK to boost their economy.

In a recession encouraging imports is bad regardless of the short term gains that a scrappage scheme would bring to a few garages.
It's high time people realised they may have to do without the 2010.

Drummerboy08

A scrappage scheme wont work here. I've said it before, and I'll say it now.

The problem with the motor industry is not that people dont want to buy cars, they do, but they just cannot get the money together to do so. Ask any car salesman - I guarantee you he's lost at least 25 sales in the last 3-6 months because of a bank refusing to lend to the customer.

The government need to look at an agreement with the banks to help free up credit for the general consumer.

A scrappage scheme will be useless here - look at the price of cars. They're at the lowest prices in 10 years or more. So its not the price of the things driving people away, its lack of funding in order for them to buy a car.

I also think that if certain dealerships step up their customer service levels, and adapt to the market which has changed considerably in the last 18 months, then there is some chance.

R.O.R

Drummerboy08 wrote: »

The government need to look at an agreement with the banks to help free up credit for the general consumer.

You mean like NAMA?

Hopefully we will see credit become available in the New Year, but with much tighter critera. It seems like manufactuer's / importers are currently trying to do all they can to boost sales for next year.

I just hope there are still some dealers around next year to sell cars if people want to buy.

Zube

Drummerboy08 wrote: »

A scrappage scheme will be useless here - look at the price of cars.

Also, look at the age of cars here. Last time we had a scrappage scheme, there were a lot of bangers on the road. Today, thanks to mad levels of new car sales during the boom years, the average car is pretty new, and not suitable for scrapping.

Mr Benevolent

I very much doubt there'll be a scrappage scheme any time soon, not when we're spending €500m a week over our income!

Drummerboy08

R.O.R wrote: »

You mean like NAMA?

Hopefully we will see credit become available in the New Year, but with much tighter critera. It seems like manufactuer's / importers are currently trying to do all they can to boost sales for next year.

I just hope there are still some dealers around next year to sell cars if people want to buy.

Not necessarily like NAMA, but something has to be done on this front to at least encourage people to buy. Remember, most people are too proud to apply for finance, especially if they know they'll be declined. Imagine the X5 lovers going into a dealership to be told -

"Hey, your rotten, we cant give you finance" In front of the whole dealership. Thats what puts alot of people off too. I'd also like to hope the banks have learned their lessons when it comes to offering finance. I was looking through a set of finance docs from 2007 the other day for a car thats due back. The direct debit isnt even signed by the customer! :eek:

The distributors are doing everything they can, most are already offering huge discounts off stock to get them moving.