The Society of Motor Manufacturers and Traders (SMMT) has zealously acclaimed the impact of the car scrappage scheme following its revelation that almost 380,000 vehicles were sold through the initiative.

According to the body's figures, a net 372,401 cars and 6,577 vans were registered using scrappage between May 2009 and March 2010, out of a total of 400,000 available.

Over the course when the scheme had its hold, it has accounted for a total of 18.7 per cent of all new car sales, while the average environmental performance of vehicles purchased also registered a superiority to that of the scrapped cars.

Paul Everitt, Chief Executive of the SMMT, stood in favor of the scheme, praising it for its success both in relation to carbon reduction and commercial benefits.

He quoted, "The scheme has provided a hugely important stimulus to the market and leaves industry in far better health than we saw in pre-scrappage 2009".

Mr. Everitt augured last week that sales will register a fall in the months ahead after the end of scrappage, however, showed full confidence that underlying demand will continue to benefit.