Scrappage scheme in Italy boosts new car sales
New car sales in Italy have suffered a 14 month decline but hopes are high that the newly introduced car scrappage scheme could halt this downward trend.
Italy’s association of foreign automakers (UNRAE) believes that March new car sales could be close to the 214,332 level of March 2008.
“We are cautiously optimistic that February’s growth in customer orders could lift vehicle registrations in March,” said Gianni Filipponi, UNRAE’s secretary general.
In January new car sales suffered a 32.6 percent fall but February showed a less painful 24.4 percent drop. However this was still a 28.5 percent overall drop in sales for the first two months of 2009.
The Italian Government introduced the car scrappage scheme, which offers customers between 1,500 and 5,000 Euros if they swap a car at least 10 years old for a new, low emissions model, on February 11th.
Customer orders grew 4 percent in February to about 220,000 according to carmakers operating in Italy.
In Germany, a scrapping incentive of 2,500 Euros approved in mid January boosted February sales by 21.5 percent to 277,740 units, ending six months of declining sales.
The Motor Trade Insider Guide To Buying New Cars
Search terms for the article:
- italian car scrapage scheme
- italian scrappage
- italian scrappage scheme
- italy motor trade
- italy scrapping incentives 1 500
- Scrapping schemes continue to revitalise the European car market, which managed a fall of just 1.6 percent in 2009 sales, [...]...
- Renault have revealed they will subsidise sales of its cars in the French home market until the end of February [...]...
- New car registrations in Germany grew by around 20 percent year-on-year in November according to a source at the VDIK [...]...
- The German government has ruled out extending their successful scrappage incentive that has boosted new-car sales and said it was [...]...
- Bad news in Italy as new car sales are continuing their decline despite a 5,000 euros scrappage scheme having been [...]...
- More news from around the globe concerning the massive downturn in new car sales, this time we report from France, [...]...
According to recent research used car buyers are most likely to buy a blue or black 5 door hatchback which is 3 years or older. Does that sound like you? 
![[Valid RSS]](http://www.motor-trade-insider.com/images/valid-rss.png "Validate my RSS feed")
Recent Comments