Auto sales in 2010 could be a lot worse than in 2009, as most of the sales from last year were supported by scrappage incentives. A decision from different governments to stop offering the scrappage incentive could do serious damage to sales.
Renault decided to take matters in their own hands and announced that they will keep the 1,000 Euro scrappage subsidy. The French government decided to cut down the scrappage incentive by 30 percent, from 1,000 Euros per car to only 700 Euros… (read more)