In most cases, including Germany’s, the incentive programs require customers to turn in a car that is at least nine years old to qualify for the money….in Germany, where 1 in 5 people work in the automotive industry, customers are not the only ones happy with the program.
Europe’s auto industry started the year with a 30 percent decrease in new-car registrations compared with the year before
That amounts to €2,500 per person for the first 600,000 cars sold in Germany
Italy is offering each citizen €1,500 to buy a new car, and doubling that figure for those who buy hybrid models. France is offering €1,000. Britain is weighing a similar incentive.
Read the whole story by clicking on the following:
Fresh challenge for Germany’s car dealers: too many customers | csmonitor.com
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