Car manufacturers and the iPhone generation

536 More

Earning the right to be successful

519 More

Knowledge is power

593 More

Selling cars – it’s all about timing

835 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

US scrappage scheme hits the buffers

The US government says that a $3bn (£1.8bn) car scrappage scheme will end next week after funds ran out.

The Car Allowance Rebate System (Cars), dubbed the “cash for clunkers” plan, has been seen as an industry life-line.

Owners of old cars and lorries gain up to $4,500 towards a new vehicle in exchange for their old model.

The programme was initially only allocated $1bn but a further $2bn was injected earlier this month after a boost in US car sales.

The “clunkers” programme was inspired by similar schemes in Europe.

Source: BBC News

Aug 21, 2009MTI
  • European governments urged to continue their scrappage schemes
  • Car manufacturers see upturn in US sales
  • Government has “no plans” to extend scrappage scheme
  • US scrappage scheme victim of its own success
  • Treasury to block scrappage scheme
  • Growing calls for car scrappage scheme
  • Arnold Clark in jobs boostStill no decision on GM Europe bidder
    You Might Also Like
     
    SMMT urge government to extend scrappage scheme
     
    Dealers benefiting from scrappage knock-on effects
    MTI
    11 years ago Manufacturers, Newscar sales, Scrappage, us car sales62
    Most viewed
    Top 100 UK Dealer Groups
    38,132 views
    The car sales process and the “9 point plan”
    10,535 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,319 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes