Renault is to maintain the EUR1,000 (USD1,457) scrappage subsidy which was reduced by the French government to EUR700 (USD1,000) from the beginning of this month.
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The company will add the EUR300 difference on the sales of its cars until the end of February for buyers who are scrapping old vehicles, Renault’s senior vice president for France, Bernard Cambier, told BFM radio.
Renault and its Dacia brand expect to report sales growth of over 90% for December, compared with 45% for the French market overall, he said. In France, Renault’s growth for the full year was around 14%, compared with 10.5% for the overall market.
Cambier said: “This means that we have virtually gained one percentage point in market share in terms of cars for personal use.”
The French government launched its subsidy scheme last year to encourage people to trade in their old cars for new more environmentally-friendly models. Last year’s rise in car sales was the biggest jump year-on-year jump since 1990.
