New cars registered through the Scrappage Scheme have had an average CO2 value of 132g/km which is almost 11% below the overall average.
The scheme is also having a positive impact in reducing average CO2 because over 70% of all new registrations under the scheme are smaller, more fuel efficient models, according to data published by The Society of Motor Manufacturers and Traders (SMMT).
New cars registered through the scheme had an average CO2 value of 132.1g/km. This was 10.9% below the average of all new cars registered between May and September, of 148.2g/km, and 27.4% below the average CO2 of the scrapped car. The average CO2 emissions of old cars scrapped through the scheme is estimated to be 181.9g/km (based on weighted segment data for 1997 vintage cars, average age of scrapped vehicle being 12.6 years).
Of the 178,253 cars reported as registrations through the scheme, further detail of the type of vehicle bought was provided to SMMT for 86% of those registrations. Of these, 97% were then matched to the MVRIS system (new registrations database), allowing SMMT to analyse volumes. Therefore the data covers 80% of the total car registrations reported to have gone through the scrappage scheme.
The majority, 72.2% of cars registered through the scheme are small cars, from the mini and supermini segments. The majority (98.5%) of cars bought through the scheme are registered by private buyers.
Petrol cars account for 85% of cars bought through the scheme, a higher proportion than in the overall market between May and September.
Ford is the scrappage winner with 21,687 cars sold through the scheme to date, but Hyundai is hot on their heels with 21,278 sales.
Commenting on the data, SMMT chief executive Paul Everitt said, “Since launching, the Scrappage Incentive Scheme has provided a welcome boost to new car registrations. Not only is it helping to reduce average CO2 emissions, but it is putting safer vehicles on our roads. The scheme should help to sustain demand into 2010 and have a positive impact on UK manufacturing and new car registrations during the first half of the year.”