Spanish Scrappage Scheme Now In Its Fourth Iteration

by TTAC Staff

Published: October 28th, 2013

spanish scrappage scheme now in its fourth iteration

The Spanish government is extending its own version of “Cash for Clunkers” for the fourth time, as Spain tries to boost sagging car sales in the midst of a severe recession.

Buyers will get a 1,000 euro subsidy if they trade in a 7 to 10 year old car for a newer, more fuel efficient one that costs less than 25,000 euro. The $97 million program will last for six months or until the subsidies run out, with the previous three programs helping to move 30,000 cars.

So far, Spain is the only country to initiate such a program – sales were up 29 percent last month, with the program credited for spurring much of the demand.

#CarSales #Europe #Sales #Spain

TTAC Staff

More by TTAC Staff

Comments

Join the conversation

11 of 13 comments

Madanthony on Oct 28, 2013

1000 off a 25000 euro car doesn't sound like that great a deal - cash for clunkers gave something like 3500 to 4500 off, with no minimum purchase price. For an incentive that small, I suspect most of the people buying cars were either going to buy a new car anyway, or are just making a purchase slightly earlier than they would have without the incentive. Alll they are doing is robbing tomorrow's car sales for today's car sales. And crushing a few perfectly good SEATs in the process.

Like Reply
- Corey Lewis on Oct 29, 2013
  
  Probably will kill off some of the cool 90s Toledos.
  
  Like
Sector 5 on Oct 28, 2013

This is to get the employed Spanish middle class spending again. Spain's a country that prefers to forget its past. Nobody wants to talk about Franco, mass graves and forgotten execution sites. Not the people, not the government.

Like Reply
- Corey Lewis on Oct 29, 2013
  
  Lest we forget the past, we are doomed to repeat it. Or something like that.
  
  Like
Jeffzekas on Oct 28, 2013

Kinda wish they'd do Cash for Clunkers again here in the U.S.- my cars were too "new" to participate in the first program!

Like Reply
- See 3 previous
- PrincipalDan on Oct 28, 2013
  
  My father-in-law had the opposite problem, the only vehicle he wanted to ditch was to old. But it sure hasn't gotten younger.
  
  Like
- Beemernator on Oct 29, 2013
  
  @PrincipalDan I was just thinking that if I lived in Spain my cars would be too old to qualify. They probably figure that if you have a car that old, you can't afford a new one. They are quite correct. In my case, anyway. Sigh....
  
  Like
- Corey Lewis on Oct 29, 2013
  
  I wish they had NEVER done it. All it did was rob the used car market of serviceable used $3-5k cars. Now you can spend $3k for complete garbage, or $7k for something decent with very high miles.
  
  Like
- PrincipalDan on Oct 29, 2013
  
  @Corey Lewis Actually I'm sure I could have convinced the old man to put it on the market with an add that said "Give me $4,000 to save this from the crusher" and someone would have bitten. The vehicle in question? A 1972 Chevy long bed with a 350V8 automatic, and no other options. It's a bit rusty despite its NM pedigree but he feels he doesn't drive it enough to justify keeping it. FYI he's the 2nd owner from back in the late 70s early 80s.
  
  Like
Schmitt trigger on Oct 29, 2013

Please correct me if I'm wrong... but didn't the USA C. for C. program also specified that you had to replace your low MPG vehicle for a higher rated one?

Like Reply
- Fincar1 on Oct 29, 2013
  
  That was easy enough to do, with many of the turned-in vehicles being full-size vans and pickups that did well to get 10 mpg. The "cash-for-clunkers" program caused me to not set foot on any new or used car dealer's premises for more than a year through sheer disgust at this display of overbearing government.
  
  Like