After Scrappage, the 'Black Hole' ; Motor Industry Warned of Closures After Recession-Aid Scheme Ends

Summary

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THE end of the Government's car scrappage scheme could be followed by a sales "black hole", one of Wales' leading motoring experts warned yesterday.

Although vehicle sales hit a new high during August, Cardiff University's Dr Paul Nieuwenhuis said the motoring sector could face a sudden plummet in purchases after the end of the pounds 300m initiative.

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Extract

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After Scrappage, the 'Black Hole' ; Motor Industry Warned of Closures After Recession-Aid Scheme Ends

Figures published yesterday revealed that 67,006 new cars were registered last month, 6% higher than in August 2008, according to the Society of Motor Manufac...

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