Car parts manufacturer Mazda has welcomed the government’s strategy on scrappage funding after it achieved a record retail share last year.

The government has confirmed that it will disperse its remaining scrappage scheme budget according to 2009 retail sales, which will allow the Japanese brand to acquire "sufficient funding" for it to satisfy customer demands.

Mazda Motors UK managing director Jeremy Thomson said it is the "only fair way" to divide up what remains of the budget.

"It is good news for Mazda as we achieved the biggest retail share in our history last year," he explained.

"Based on our 2009 retail share and our forecast for 2010, we will get sufficient funding from the government to satisfy our customers’ needs for the balance of the scrappage scheme."

Because the scrappage scheme’s final phase funding is smaller than when the initiative was introduced last May, Mazda is encouraging motorists to purchase a new car "sooner rather than later".

The government hopes that the scrappage initiative will involve a total of approximately 400,000 vehicles.

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