Russia joins the scrappage bandwagon
Russia is set to introduce its own car scrappage scheme following the success of similar programmes in the US and Europe in boosting car sales.
The Russian Industry and Trade Ministry said the scheme could be introduced in January next year.
Russian media reports say that a 50,000 ruble ($1,567; £942) incentive will be given to motorists who trade in their old car and buy a new one.
Carmakers have been hit particularly hard by the economic downturn.
“The car has to be running, it should be registered with the traffic police and it should have all of the necessary documents,” said the ministry’s automotive industry director Alexei Rakhmanov.
To qualify for the scheme, a car must be at least 10 years old, the reports say.
Last week, the US boosted funds in its own “cash for clunkers” scheme after it proved popular with car owners.
The Motor Trade Insider Guide To Buying New Cars
- By 31 March, 372,401 new cars had been registered through the scrappage scheme and it had accounted for 12.2% of [...]...
- The UK government’s car scrappage scheme has officially come to an end after at least 330,000 cars have been sold [...]...
- Motor manufacturers are to have a quota system imposed by the Government for the remainder of the scrappage scheme after [...]...
- Vehicle information expert, HPI, supports calls this week from the Association of Chief Police Officers (ACPO) to increase the amount [...]...
- Some dealers, either buoyed by the success they are having, keen to arrest a decline or attempting to wring out [...]...
- A leading Australian motor industry group has called on the Government to implement a stimulus plan to pay drivers $3000 [...]...
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