Only a small amount of last minute orders were taken as demand for the incentives meant many manufacturers sold their allocation under the scheme early.
Lord Mandelson, Business Secretary, said of the scheme: ""The scheme was always time limited and today as it closes I am pleased to see scrappage has delivered the results we aimed for – not just for manufacturers, but for the whole industry and its supply chain."
Figures released by the Department for Business, Innovation and Skills show scrappage contributed to a fifth of all new car sales, and helped the economy achieve eight months of consecutive growth in difficult economic conditions.
As part of the scheme to government offered incentives of £2,000 to trade in older cars for newer, more efficient models.
Despite fears low CO2 emissions cars will be traded in for ‘gas-guzzlers’, the report shows the average CO2 emissions of cars bought in the scheme were 27 per cent lower than scrapped cars.
Ford sold 45,000 cars with scrappage incentives, including a new Ford Fusion bought by mum-of-three Leona Murray, who was invited to the scrap yard to see her Nissan being crushed.
Ford offered Leona the chance to watch her old car get crushed to celebrate the ending of the scrappage scheme. In total, nearly 350,000 old cars have been dismantled as part of the scheme.
As the scheme ended, Mandelson was quick to applaud car manufacturers for offering their own, extended swappage schemes and reducing prices.
"I fully endorse the initiatives already taken by industry to offer new deals and additional savings to customers still interested in buying a new car," he said.
Vauxhall and Ford have both offered price incentives on newer cars, while manufacturers such as Kia and Toyota are offering swappage schemes and warranty offers to customers still interested in buying a new car.