Hi
It looks like the government is considering a scheme to offer cash rebates for people who scrap/trade in their 9 year or older cars for new/nearly new more enviromentally friendly ones mandelson mentioned it today. This is now happening in France and Germany (1500 and 2500 euros respectively). I wonder how many XMs this will see the end of - almost every car is over 9 years old.
As an aside it seems the least enviromentally friendly policy I've ever heard, since where is the enviromental reason to scrap sometimes perfectly working cars? I mean it is just obviously a means to boose the car industry.
I'm not sure what it will do to the second hand car market either. Possibly there will be alot of people looking for alot of really cheap old cars for the scheme and more slightly newer cars in the market. Weird times.
Cheers
Tony