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Tag Archives | Cash-For-Clunkers

If U.S. Car Sales Stall, Expect Cash-For-Clunkers 2

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 […]

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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 […]

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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 […]

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