Ever since the modern MINI debuted earlier this decade, it has always been marketed as a premium small car. Even the least expensive variants were pricier than some comparable subcompacts. This has now changed. MINI UK has just added a new, lower-priced model specifically aimed at first time buyers and those taking advantage of the car scrappage program currently in effect in the United Kingdom.
When legislators in the United Kingdom decided to introduce a so-called Cash for Clunkers program, it was widely suggested that older, fuel-guzzling vehicles would be removed from the road in favor of the latest crop of clean, green, fuel efficient cars and trucks. As is often the case, reality may not be quite so cut-and-dry.
As expected, UK Finance Minister Alistair Darling has officially announced a new vehicle scrappage scheme that will pay motorists £2,000 ($2,914 USD) for trading in a vehicle that's at least 10 years old for a new car. Half of the funds will be provided by the government, and the other half will be paid out by the automakers.
Government officials in the United Kingdom are widely expected to launch a vehicle scrapping scheme modeled after the successful German program, which has boosted sales in Europe's largest market by over 20 percent in each of the two months it's been available. Details of the UK program are still sketchy, with some outlets like the Times of London and the BBC suggesting that the scrapping scheme will be included in the government's April 22nd budget. The Telegraph, however, reports that the prog
Encouraged by the success that Germany has enjoyed in spurring new car sales through its vehicle scrapping program, officials for the Society of Motor Manufacturers and Traders in the United Kingdom are pushing their government to institute a similar plan as quickly as possible. Sales in the UK were down nearly 22% in February and are off by almost a third so far in 2009. Germany, on the other hand, managed to score a sales increase of 21% last month due in large part to incentives that pay new