Six old car scrappage schemes in the European car industry were still in effect at the end of the first quarter of 2010, after the United Kingdom and the Netherlands used up the funds allocated for the support of new car sales. In Romania, the scrappage scheme, with a premium of around 950 euros, has not managed to significantly curb the decline of the market, which went down by 55% at the end of 2009. From the second half of the year, five schemes will remain in operation, including the one in Romania. At the same time, France will reduce the scrappage premium starting July 1st, from 700 to 500 euros, while Spain will see its funds run out by September 30. The Romanian scheme is one of the most complex among the ones introduced in Europe and the only one within which the values of as much as three vouchers can be cumulated. Thus, the scrappage premium gets close to 2,850 euros, more than the 1,500-2,500 euro-premium of Luxembourg, 2,000 euros of Spain or 1,500 euros in Ireland.
Six old car scrappage schemes in the European car industry were still in effect at the end of the first quarter of 2010, after the United Kingdom and the Netherlands used up the funds allocated for the support of new car sales. In Romania, the scrappage scheme, with a premium of around 950 euros, has not managed to significantly curb the decline of the market, which went down by 55% at the end of 2009. From the second half of the year, five schemes will remain in operation, including the one in Romania. At the same time, France will reduce the scrappage premium starting July 1st, from 700 to 500 euros, while Spain will see its funds run out by September 30. The Romanian scheme is one of the most complex among the ones introduced in Europe and the only one within which the values of as much as three vouchers can be cumulated. Thus, the scrappage premium gets close to 2,850 euros, mor
