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In addition, new vehicle registrations outpaced scrappage by more than 24% for the first time in a decade, according to the analysis. This while VIO is up 1.5%, a rate the autoindustry hasn’t seen in the US since 2004-2005. million (1.5 percent) since last year.
A study by researchers at UC Davis suggests that a properly designed vehicle scrappage (i.e., The study also suggests that a long-term Cash-for-Clunkers program may be more suitable to CO 2 e reduction because with such a program policymakers could send a clear, long-term signal to auto manufacturers for more fuel-efficient vehicles.
million (2.1%) since last year and the highest annual increase the autoindustry has seen in the US since IHS began tracking VIO growth. New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. percent of the fleet.
In his short address, the President confirmed details that had emerged over the weekend about the next steps for the two auto makers. In other efforts to support the struggling autoindustry, the President said that: The government will back the warranties on vehicles from GM and Chrysler. Earlier post.).
The scrappage scheme is only a few days old here in the UK and it has already come under fire. In effect it is offering subsidies to the relatively rich despite the fact that the autoindustry’s survival depends on getting those with incomes below $100,000 back into the showroom. Leave a comment with your thoughts.
million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. Improving credit conditions throughout the region and sustained, but tenuous, economic growth among the countries in the region have helped to motivate total auto sales levels. from last year.
Unsurprisingly there is still frenzied interest in the announcement of a vehicle scrappage scheme by Alistair Darling as part of his 2009 Budget. The so-called Scrappage Plus discounts will be available over and above the Government and industry’s shared £2,000 subsidy. Sound good? Well, there is a catch.
With a mature manufacturing ecosystem, India is poised to contribute to global sustainable mobility solutions, fostering both domestic and international growth in the autoindustry. The autoindustry is making strides to replace the traditional sources of fuel with the carbon-free fuel.
The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. At least that was until analysts started to delve a little deeper. So is this scheme green at all?
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