VW: Scrappage programme hurt by dearth of savings, loans

Matei Albulescu, head of the Volkswagen brand within Porsche Romania, says the car scrappage programme is no longer successful because potential customers have no more savings and can no longer get loans. In the first two months of the second stage of the car park renewal programme, June and July, 5,065 cars were sold, according to statistical data provided by the Environment Fund Administration. The downward trend started as early as the beginning of the programme, with the biggest number of cars, 5,151, having been sold in the first 3 weeks of the first stage. “It’s obvious the programme cannot go on forever. Unlike other countries, where it is successful, in Romania, people who own old cars no longer have savings to buy a new car,” Matei Albulescu stated.