According to the European carmaker’s association ACEA, European passenger car sales saw a 12.9 percent increase in January, a growth driven by scrappage schemes.1,058,868 passenger cars were sold in the European Union member states in January – this represents a 12.9 percent increase as compared to the figure registered in January 2008. However, the figure can also be translated into a 17.3 percent decrease as compared to the one posted in January 2008.
Numerous governments introduce scrappa… (read more)