U.S. Consumer Confidence Slides, Prompting Sales Forecast Cuts Previous Programme Said Relatively Cheap, Effective The recovery in U.S. car sales is stuttering and if it does run out of steam, expect early action from the U.S. government to encourage buyers with another cash-for-clunkers programme. That’s the prediction of investment banker Morgan Stanley, which said although […]
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Russian Scrapping Incentives Should Kick-start The Market
Russian Scrapping Incentives Should Kick-start The Market The Russian car market looks likely to resume its growth in 2010, helped by the government’s €250 million cash for clunkers subsidy, according to PriceWaterhouseCoopers’ Autofacts. According to Autofacts, the scheme, which started this month, will provide for 200,000 new cars. Participants receive a voucher worth €1,200 if […]
Europe’s Car Scrapping Schemes Likely To Backfire
Pulls Forward Sales, Junks Cars With Plenty Of Life Left. Or Are They Junked? Delays Pain; Sales Will Crater Next Year, Then What? “Cash for clunkers” government handouts for people to scrap their old cars and buy brand new ones has mitigated the slump in European sales so far in 2009, but could soon turn […]
Scrapping Plans Slow Sales Slide, But Implications Opaque
Hyundai A Big Beneficiary in Germany. Most Sales Seem To Be Of Small Cars With Miniscule Profits. The fall in Western Europe’s car sales has been slowed by scrapping incentives in Germany and France, but investors worry that the quality of the sales in terms of profit margins and origin, are not going to be […]
Scrapping Schemes Gather Pace Across Europe
Can This Be A Rare Win/Win Situation? No. Negative Implications For Mix, But Beggars Can’t Be Choosers. Britain Strangely Reluctant To Join In. Government incentives for people to swap new cars for old seem to provide an almost magical solution where everybody wins. With many potential buyers sitting on their credit cards because they simply […]
Europe Must Act Soon To Avoid Car Industry “Catastrophe”
Scrapping Incentives Will Give Short-Term Boost. France Action Risks Protectionist Vicious Circle. Hundreds Of Thousands Face Unemployment. “getting it wrong could turn out be unprecedented, catastrophic” The European Union is dithering while its car industry faces a challenge so desperate it could lead to the bankruptcy of some of its must important companies and force […]