But Worst Case Scenarios Reined In A Bit; Maybe A Squall, Not A Storm Double-Dip Recession Feared As Consumer Confidence Weakens The impact from scrapping incentives is about to run out just as European governments start to slash spending to cut budget deficits; fasten your safety belts as the roller-coaster edges towards the scary, plunging […]
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Strong Europe Car Sales Data Hides Imminent Dive
End Of Scrapping Subsidies Shows Pain Only Postponed Opel-Vauxhall Goes From Bad To Worse “As we speak, the whole thing is falling off a cliff” After a sturdy but subsidy-induced first quarter for European car sales, the market is about to turn nasty and Ford and GM’s European subsidiaries are poles apart as they prepare […]
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 […]
Subsidised Europe Faces Traumatic 2010 Fighting Reality
Scrapping Schemes Simply Brought Sales Forward, Delaying Pain Except If You Are Germany’s Angela Merkel, Of Course Sometimes you have to be cruel to be kind. That’s a truism that politicians don’t find easy to live with because allowing a failing enterprise to die can look insensitive, despite the fact that attempts at resuscitation are […]
Scrapping Schemes Inspire False Dawns Across Europe
Morgan Stanley Raises Estimates For 2009, But Slashes 2010. Increased Sales Are For Small Cars, Premium Sales Sinking Fast. Some optimists of the glass is half full not half empty variety claim to see the first hint of recovery in the European car business, but the unrelenting hard evidence points to continuing trauma at dealerships […]
Scrapping Hinders Industry Need To Consolidate, Cut Costs
Sales Boost In Short-Term Won’t Eliminate Eventual Pain. But Some Applaud Scrapping Schemes As Crucial Help In A Storm. “avoids dangerous sales declines in 2009 and helps auto makers maintain a flatter, more profitable, cycle. What is wrong with that?” Britain, finally, signed up to provide subsidies for car scrapping, but not everybody believes this […]
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 […]
Supplier Failure May Trigger More Euro Automotive Turmoil
Scrapping Incentives Provide Some Solace, For Hyundai, Logan. Falling Raw Material Prices Add Some Comfort Too. Experts Says Opel May Go, Either Peugeot or Renault As Well. Europe’s car manufacturers put on a brave face at the Geneva Car Show, but the odds on there being some notable, permanent, absences this time next year are […]
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 […]