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Various people all over the country have been hailing the scrappage scheme as something that has very much rescued the failing industry. We have seen that purchases of new vehicles are up a huge amount and this is due down to the fact that folk know when they are being given a great offer. For a huge majority of people they have actually been unable to afford a brand new vehicle, because it simply cost too much, so instead they used their old cars as long as they could. But the scrappage scheme has deducted £2000 off of new cars if you trade in your decade old vehicle.

But as a huge amount of people may know the scrappage scheme is only a temporary one and within the next twelve months it could all be over. There are two possible reasons that this could happen; firstly it may be due to the fact that people are buying the cars now because they are in fact so cheap, so why would they want to buy another vehicle in only a year or so time.

The next reason we have to think about is that will the economy actually recover by 2010,was it the right call to stop the scrappage scheme in 2010 or should we decide to extend it? I mean I actually believe that the economy will take many months to fully recover and possibly the vehicle sector will take much longer because it was one of the worst hit areas.

So vehicle manufacturers need to look at a new way to temp people into once again buying a new vehicle, because without any discounts or incentives the market will undoubtedly be feeling the pinch for many more years to come.

Do you want to Buy a New Alfa Romeo or Buy a Toyota

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