PARIS – Vehicle scrappage schemes in Europe historically have been costly and ineffective in boosting long-term sales, an IHS Global Insight executive says at a recent presentation here. However, “the good effects are better than the bad ones,” says Carlos da Silva, a senior market analyst based in Paris. “(Such programs are) efficient only in the short term, because (they) offset the ‘wait-and-see’ attitude of customers.” Incentives in France from 1994 to 1996 boosted industry sales by ...

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