Topic: scrappage scheme

More than consumer demand needed to spur UK automotive market’s recovery

Posted by George Augustaitis on June 29, 2020

As the UK reopens and pent-up demand floods the market, June car sales are likely seeing a lift. This type of spike tends to be short term, but rumors of an economic stimulus programme or vehicle scrappage scheme could result in a lift that carries into July or August. It’s the possible lack of supply that could temper car sales in the near future.

Read more
Topics: covid-19, economic analysis, recovery, scrappage scheme, stimulus programme