German Auto Sales up By Paying People to Scrap Cars
Sunday, March 8th, 2009
USA Today reports that Germany has increased new-car registrations in Germany by more than 21% to 277,800 in February compared with the same month last year. These sales were achieved by the German goverment’s bonus to people who scrap older cars and buy new ones, an amount of $3,134 at Tuesday’s exchange rate. A buyer has to trade in a car at least 9 years old and agree to let it be scrapped. America, take note.
