ZF English

One in two cars sold this year was state-subsidised

03.12.2010, 00:12 12

The state has spent over 166 million euros on the "Rabla"vehicle scrappage scheme this year, over five times more than in2009 and ten times more than in 2007, the last year of car salesrise before the economic crisis.
This year's car scrappage scheme saw over 55,000 cars sold,according to statistics of the Environmental Fund, using 164,503vouchers. Over 55% of 100,000 cars sold on the Romanian market inthe first 11 months of this year were accounted for by thescrappage scheme.
From the end of February until November 24th, the last day whencars could be scrapped, more than 182,100 cars older than 10 yearswere brought to scrappage centres, and the same number of voucherswere issued. This means the state has invested over 166 millioneuros in the Romanian car market this year, according to ZFcalculations that consider a 3,800-RON scrappage bonus.

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