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Car Scrappage Schemes Across Europe Drive Sales North
New car registrations across Europe increased 6.3% in September, thanks largely to car scrappage schemes in the continent’s major markets.
Sales rose to 1,388,136 as a result of double digit increases in four of Europe’s biggest five markets, with Germany leading the way in percentage terms and the UK in volume.
The European Automakers Association (ACEA) reported… »
Germany’s Car Scrappage Scheme Slammed as a Waste
A study by economists has claimed that Germany’s car scrappage scheme, whereby a €2,500 government grant is offered to anyone trading in a car 9 years or older for a new model, is wasteful because most claimants would have bought a new car anyway.
The study by the Halle economic research institute IWH, claims that three… »