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How much are the 51,200 car scrappage vouchers on the market trading for?

23.08.2010, 23:56 10

There are almost 51,200 vouchers part of the "Rabla" carscrappage scheme traded on the free market, reveal the statisticsof the Environment Fund Administration (AFM), as more than 161,000cars were scrapped but less than 110,000 vouchers were used to buya new one.
The price of a voucher whose nominal value is 3,800 RON (some 900euros) on the free market fell from almost 2,000 RON to 1,000 RONas the Environment Ministry increased the number of vouchers from60,000 to 190,000.
Players on the automotive market say that whereas at first when acap of 60,000 vouchers for the car scrappage scheme had beenannounced, those who had a voucher would ask up to 2,000 RON for itand were not willing to negotiate, now most have cut prices to lessthan 1,500 RON and are more open to negotiations. Therefore whereasthe nominal value of the 51,200 vouchers is close to 45 millioneuros, the "market" value stands at about a quarter of that.

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