Hyundai launches scrappage scheme
29 August 2017
Author: Daniel Puddicombe
Hyundai is the latest manufacturer to launch a petrol and diesel scrappage scheme in an attempt to improve the UK's air quality.
From 1 September until the end of the year, motorists can save up to £5,000 off the price of a new model. The scheme is targeting Euro 1-4-engined models registered before 31 December 2009.
Under the terms of the scheme, Euro 1-3 cars will be scrapped, while those with Euro 4 models can opt to trade-in their vehicles instead.
The level of discount offered varies depending on which new model is selected from the range. For instance, the maximum discount is available for the Santa Fe, while the i30 garners a £4,000 saving and the Ioniq hybrid a £2,000 reduction.
Hyundai ran a similar scheme between April 2009 and March 2010 with more than 45,000 drivers trading-in their old vehicles. At present, Ford, Vauxhall, Mercedes and BMW are also running scrappage incentives.
The launch of the scheme comes just before the crucial 'plate-change' month in September. New car registrations have fallen for four consecutive months, with registrations hit by the harsher VED regime coming into force in April as well as economic uncertainty caused by the ongoing Brexit talks.
"Hyundai is committed to improving efficiency and lowering emissions," said Tony Whitehorn, president and CEO of Hyundai UK. "We currently offer the broadest range of powertrains currently on sale in the UK. We've already launched the new Ioniq and we were the first manufacturer to bring a production fuel cell vehicle to the market in 2014. Moving on, we will have introduced 14 alternative-fuel models globally by 2020. That line-up will include five hybrid vehicles, four plug-in hybrids, four electric vehicles and one all-new fuel cell car."
He added: "However, right here, right now, there are thousands of older cars on our roads that could be replaced with cleaner - not to mention better equipped and safer - alternatives. By giving owners of older cars a substantial financial incentive to scrap or trade in, regardless of make or model, this new scheme will do just that."