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Scrappage scheme could be popular than expected

Green Cars News

The scrappage scheme announced as part of the Budget last week, could be more popular than the government expects according to the Insistute of Fiscal Studies (IFS). per cent of pre-recession annual car sales. Car sales are currently down about one third relative to the same time last year.&#. This will mean fewer sales later.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Part of the swing in culture has been a downturn in new car sales. With few of us having the cash or credit to buy an expensive new addition, the bottom seems to have fallen out of the automotive industry which has been plunged into crisis. However, he faces strong competition. Faye Sunderland.

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

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. With General Motors and Chrysler also showing signs of modest improvement, all looked rosy.