Some 20 percent of registrations of passenger cars registered in Britain since the beginning of May 2009 were sold under scrappage. That was worth 330,000 units to the industry.
New cars registered through the scheme had an average CO2 value of 132.7g/km. This was 9.9 percent lower than the 147.3g/km average for all new cars registered between May 2009 and February 2010, and 27.0 percent below the average CO2 of the scrapped car.
The average CO2 emissions of an old car scrapped through the scheme is estimated to be 181.8g/km (based on weighted segment data for 1997 vintage cars, with the average age of scrapped cars being 12.7 years).
It will be interesting to see how Ireland's better late than never scheme fares against the UK experience.
