Posted by on 12 Aug 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Car sales down due to ‘scrap bonus’ system

Car importers saw sales drop year-on-year in July to 6,000 vehicles, compared to 10,000 in July 2009.

Car dealers are feeling the pinch of last year’s special ‘scrap bonus’ from the government, which let people trade in their old cars to purchase new ones, in an attempt to bolster the economy against the economic crisis. Almost half of the 60,000 cars sold last year were purchased through the special scrap bonus programme.

The automotive industry has reported that the market is stagnant this year as a result, with only slight signs of any recovery in sales volume, which is why anyone intending to buy a new car can expect special offers and incentives to be around for some time yet.

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