Scrappage

Spain tops up car subsidy scheme by 175 million euros

Jan. 10, 2014 16:23 CET
Spain says it has expanded a car subsidy program which offers car owners 2,000 euros to scrap their old car for a new one. The scheme has now been extended four times at a total cost of 465 million euros.... Read More »

 

YANG JIAN

Chinese cities limit car sales but growth is still possible

12:01 am U.S. ET | Dec. 10, 2013
Dalian is the latest Chinese city to restrict new-car sales to reduce pollution and congestion but the upside is that tougher emissions rules may boost sales.... Read More »

 

Spain offers 4th car incentives program to boost sales

Oct. 27, 2013 06:01 CET
Spain's government offered the fourth car incentives program in a year, extending a program to boost sales as the economy tries to emerge from a two-year recession.... Read More »

 

LETTER TO THE EDITOR

Scrappage doesn't drive sales

12:01 am U.S. ET | Sept. 23, 2013
Try to imagine the owners of 11.4-year-old cars (the average age of the U.S. fleet, according to R.L. Polk) leading the new-car market to robust sales.... Read More »

 

Economist sees scrappage juicing U.S. sales in next two years

3:39 pm U.S. ET | Aug. 6, 2013
Auto sales in the United States will boom in 2015 when drivers replace aging vehicles, an economist with Citigroup argues. Itay Michaeli, director of U.S. autos and auto parts for Citi Investment Research and Analysis, argues that the 11.4-year average age of the nation's fleet is approaching the point where scrap rates begin to explode.... Read More »

 

Scrappage program helps to boost Spain car sales 15%

Aug. 1, 2013 13:01 CET
Spanish car sales increased 15 percent in July, boosted by a government scrappage scheme for the purchase of new vehicles.... Read More »

 

Spain will extend car scrappage scheme

July 19, 2013 15:39 CET
The Spanish government will extend a scrappage scheme that subsidizes purchases of new cars. The subsidies have tempered the fall in sales in the recession-hit country... Read More »

 

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