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European scrapping schemes driving small car sales

- According to a new study by Jato Dynamics, the European automotive market may be rebounding ever so slightly from its alarming lows of early 2009. Though new car purchases are down by just over 13 percent year-on-year, there was actually a mild 2.4 percent improvement in May over April. Says David Di Girolamo, Head of Jato Consult: If Germany (up 39.7-percent from May 2008) provides a template for the other markets where scrappage schemes have been introduced, we may be at the very beginning of a period of recovery in Europe. It's far ... Read more →

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