According to a February article published in the Wall Street Journal (WSJ), the European car bazaar may be getting a bit of a boost thanks to flotilla renewals and scrapping incentives.
The first scrappage program was launched in Germany back in the opening of 2009 in which car owners were encouraged to get rid of their old cars or scrap their old cars in swap for purchasing newer vehicles. The thought behind this was that in exchange for a less fuel well-organized, more pollutant-prone vehicle, people could instead buy more environmentally gracious vehicles. After Germany experienced success with the program, other European countries began to pursue suit.
And it’s working. The WSJ published the following declaration:
Germany was the only main market to decline, with results reflecting the discontinuation of the country’s convoy renewal program in the autumn of last year, the European Automobile Manufacturers Association said in a declaration. Registrations, a measure of sales, previous month climbed 14% in France, 18% in Spain, 30% in the U.K. and 30% in Italy.
Kudos to Europe for figuring out something that really works. Now, how about the United States? Any suggestions?
The first scrappage program was launched in Germany back in the opening of 2009 in which car owners were encouraged to get rid of their old cars or scrap their old cars in swap for purchasing newer vehicles. The thought behind this was that in exchange for a less fuel well-organized, more pollutant-prone vehicle, people could instead buy more environmentally gracious vehicles. After Germany experienced success with the program, other European countries began to pursue suit.
And it’s working. The WSJ published the following declaration:
Germany was the only main market to decline, with results reflecting the discontinuation of the country’s convoy renewal program in the autumn of last year, the European Automobile Manufacturers Association said in a declaration. Registrations, a measure of sales, previous month climbed 14% in France, 18% in Spain, 30% in the U.K. and 30% in Italy.
Kudos to Europe for figuring out something that really works. Now, how about the United States? Any suggestions?
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