View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 9, 2010

RUSSIA: Putin cool on clunkers extension suggestion

Russian prime minister Vladimir Putin has said that the Russian government is not planning on expanding its scrappage programme that is aimed at stimulating the domestic car industry.

Russian prime minister Vladimir Putin has said that the Russian government is not planning on expanding its scrappage programme that is aimed at stimulating the domestic car industry.

Under the program, which started operating on March 8, owners of cars produced in 1999 or earlier can receive bonuses worth 50,000 roubles to buy new Russian-made cars in exchange for their old cars.

The government expects about 200,000 new cars to be sold under the program. The program will remain in operation till November 1.

As of now, around 13,000 cars have been sold and 40,500 certificates have been issued under the program, Putin said.

JD Power forecasts that car sales in Russia will increase by 10% this year to around 1.6m units.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto