/ Industry, News / Russian government to revive car scrappage scheme

Russian government to revive car scrappage scheme

Linked In Share
Russian government to revive car scrappage scheme

In an all out effort to rescue an automotive industry that has been skydiving lately, the Russian government will pledge 10 billion rubles (207 million euros) to reintroduce an incentive program.

The long-awaited support for the industry comes in the form of the traditional scrappage scheme, subsidizing the purchase of new vehicles throughout the year – the program starts next week and lasts until the beginning of 2015. According to the industry minister Denis Manturov, the incentives should support the purchase of at least 170,000 passenger and light commercial vehicles, buses and trucks.

The program addresses buyers of new passenger cars with at least 40,000 rubles (825 euros) after they scrap their older vehicle, while the commercial vehicles are eligible for discounts starting at 350,000 rubles. The new program is mirroring older state-backed scrappage schemes, the latest in Russia put in place in 2010 – it allowed buyers to get rid of their cars that were at least a decade old.

According to the Association of European Businesses (AEB) lobby group, car sales in Russia tumbled 23% to 180,767 units in July, while seven months figures were down 10% to 1.4 million autos. The AEB also lowered its full year forecast from a slow 1.6% decline to a sharp 12 or 13% drop.

Via Automotive News Europe

 

by Aurel Niculescu (my Google+) - Friday, August 29th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
auto government incentive Industry program russia


Discuss: Russian government to revive car scrappage scheme

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[Video] Chevrolet Chaparral 2X Vision Gran Turismo: the new star in Gran Turismo 6
[Video] Chevrolet Chaparral 2X Vision Gran Turismo: the new star in Gran Turismo 6General Motors and Polyphony Digital have just made public that the Chevrolet Chaparral 2X Vision Gran Turismo can now be ...
Ecclestone pokes fun at jail threat in Xmas card
Ecclestone pokes fun at jail threat in Xmas cardDec.18 (GMM/Inautonews.com) Bernie Ecclestone has poked fun at the legal troubles that almost landed him in jail this ...
[Video] How Porsche turns any car into a Macan
[Video] How Porsche turns any car into a MacanNo matter what car you’re driving, you can now watch yourself behind the wheels of nothing else but a Porsche Macan. How is ...
Exquisite 1989 Lamborghini LM002 gets auctioned next month
Exquisite 1989 Lamborghini LM002 gets auctioned next monthA Lamborghini LM002 from 1989, also known as the Rambo Lambo, in pristine condition, will be available for public auctioning the ...
China: beautiful Porsche 918 Spyder gets totaled in Shanghai
China: beautiful Porsche 918 Spyder gets totaled in ShanghaiThis month was a great one for the German supercar – it’s already sold out – but there’s one notable exception – one of ...
2016 Toyota Tacoma shows its face
2016 Toyota Tacoma shows its faceToyota has revealed two new teaser images for the front fascia and back of its 2016 Tacoma, which is scheduled to be unveiled on ...
Ferrari F12 Berlinetta bumped to 795 hp, courtesy of PP-Performance
Ferrari F12 Berlinetta bumped to 795 hp, courtesy of PP-PerformanceIf you ever envisioned having your mind-boggling Ferrari F12 Berlinetta craving for more horsepower under the hood, fret not, the ...
Report – Nissan IDx Concept will turn into a Silvia successor
Report – Nissan IDx Concept will turn into a Silvia successorAccording to a new report, Nissan IDx Concept will evolve into a successor of the 200SX (Silvia) within just two years’ ...
[Video] Internet sensation Gisele rides a hot Corvette Z06, but be warned – she has a sweater on
[Video] Internet sensation Gisele rides a hot Corvette Z06, but be warned – she has a sweater onIf you’re not completely out of this world and never watched a string of YouTube videos featuring hot cars and equally ...
[VIDEO] 2016 Nissan Titan gets teased for Detroit debut
[VIDEO] 2016 Nissan Titan gets teased for Detroit debutNissan has just released a new teaser video for its 2016 Titan, planned to make its official public debut at the North American ...
BMW backs out of NAIAS reveal for electric hydrogen fuel cell drive module
BMW backs out of NAIAS reveal for electric hydrogen fuel cell drive moduleThe German company, the largest luxury auto manufacturer in the world, has decided to backtrack its intentions and opted out of ...
New Lexus F Model heading to Detroit next January
New Lexus F Model heading to Detroit next JanuaryLexus is planning to introduce another new F model at the North American International Auto Show (NAIAS) in Detroit at the ...
US: Ford’s lightweight F-150 further aided by low gasoline price
US: Ford’s lightweight F-150 further aided by low gasoline priceThe second-largest US automaker decided that a game-changer was in order for the best-selling vehicle in America and made a ...
Lamborghini Aventador gets crashed in India
Lamborghini Aventador gets crashed in IndiaThe Indian owner of this white Lamborghini Aventador has taken a serious ego hit after managing to crash his ride. If we are ...
Report – VW to get rid of its product strategy leader
Report – VW to get rid of its product strategy leaderVolkswagen Ag, the second largest carmaker in the world and the European leader, is ready to oust its No. 1 product strategist, ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

918_crash
Tacoma_teaser0
Ferrari_F12_PP
Lexus_F_teaser0
lamborghini aventador crash india 1
BMW M4 Coupe G-Power tuning 1
Jeep-Renegade-1
scg 003 1
Infiniti Concept Vision Gran Turismo 21
2016 honda nsx 1
bmw x6 tuning lumma topcar 1
mercedes-benz s600 guard topcar tuning 1

More automotive from inautonews
General Motors and Polyphony Digital have just made public that the Chevrolet Chaparral 2X Vision Gran Turismo can now be downloaded in Gran Turismo 6. Available as part of the 1.15 update, the car model can be bought or gained after completing a lap in the new seasonal event, which is available ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Nissan in Mexico for Takata airbag issueThe second-largest Japanese automaker, Nissan, has announced it was recalling at least 80,000 ... Japan: Takata crisis could affect vehicle maintenance proceduresThe auto safety parts maker Takata Corp. has been involved in a mounting global safety crisis that ...
Safety Section