A rebound of the auto market in the second half of the year isincreasingly unlikely according to Herbert Stein, chairman ofAutoItalia, which imports brands of the Fiat group, SsangYong andInfiniti onto the Romanian market. He says the only notable changethat occurred in the first three months of the year is the creationof a market for "Rabla" scrappage scheme vouchers, which did not,however, influence new car sales.
"We originally expected the first six months of this year to bedifficult, and then see a positive trend in the second half. Butnow I have changed my mind. It will not be like that. The secondhalf of the year will be as difficult as the first. And it will bethe same on all segments because when it rains, it rains foreverybody," said Herbert Stein, chairman of AutoItalia.
In the first two months of this year car sales continued todecline by almost 50% against the similar period of last year, with4,500 cars sold as part of the scrappage scheme since its start onFebruary 18th.
"The effect of the scrappage scheme this year is zero. The onlything it achieved was to create a black market for vouchers. Nocars, just vouchers. It was normal for such problems to arisebecause no-one has three clunkers in their backyard. So they needto be bought. The first to buy the voucher offers 200 euros, andthe last 700 euros," Stein added.
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