Financial Times FT.com

Scrapping old cars boosts German sales

By Daniel Schäfer in Geneva

Published: March 3 2009 18:50 | Last updated: March 3 2009 18:50

A government incentive scheme to scrap old cars has created a jump in sales in the German car market, providing a glimmer of hope for the mostly foreign mass-market producers but frustrating the country’s premium carmakers.

New registrations in Europe’s largest car market rose 21 per cent year on year to 278,000 cars in February, the highest level in the past decade.

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