Bonus to the case: the breakers not happy!

[chatelot16]

scrapping bonus! just the word is absurd! to break is to waste! so I mean waste premium

they want us to throw away cars that work while purchasing power drops and we won't be able to maintain the cars that are too complicated that they want to sell us

There has been a lot of criticism of used part salesmen: harassment to the environment is the cause: it is so expensive to have the right to have a breakage in rule that the thugs who still exist benefit of their privilege: one more ecological paradox ...

[Christophe]

+1 Chatelot, it is quite silly as a measure ... voted for 1 year, it will last 3 years ... Ah the crisis has a good back ...while waiting for the VAT at 5.5 for products REALLY allowing energy savings such as fluorescent bulb we can square it deep !!

Certainly, but even if it pushes consumption, there are also jobs at stake.

Ah the nice ready-made excuse ... it's good you fit well in their way of thinking and their mafieu blackmail that they make in the government ...

1) The scrapping bonus, due to its relatively low value, probably does not have a major impact on jobs ...

2) Explain to us how is a job in the automotive industry more valuable than a job in another industry? For example that of a breaker? Less employment in the automobile industry means more employment elsewhere and perhaps more in greener sectors since everyone has to work, right?

3) By giving flowers to car manufacturers to maintain the "model" developed during the 20th century, there is little chance that they will change their development strategy and push for innovation ...

In any case, the sucking up of subsidies from manufacturers, we are used to ... they regularly (2005 and 2008) steal subsidies to develop a clean car that they are obviously unable to put on the market (because they know how to do it. ..since a long time)...

[Christophe]

A small article to put some figures on the effects of this bonus and the so-called "auto crisis" to be done by pb:

The scrapping bonus does not have the same effects from one country to another [03/09/09]

In Germany and the United States, the scrapping premium would have had a clearer result than in France on the evolution of national GDP and on national consumption.

Beyond the strict sectoral aspect of the load plan of automobile factories, what is the effect of the various scrapping premiums on the growth rate of the countries concerned? Quite different from one country to another, believes Bruno Cavalier, chief economist at Oddo Securities, who tried to extrapolate these one-off measures on the economy in general. Even if it left earlier than others in the battle, France is not the best placed country in this regard, according to him. “At the macroeconomic level, the effects [of scrapping bonuses] are only visible in countries where the resources allocated were significant: Germany in the first half of 2009, United States in the third quarter, he said. Occasionally, economic growth is sustained, but we must be careful not to extrapolate these effects. " Because, with the end of premiums, the worst risk of occurring: an immediate slowdown in growth rates. Hence the French desire to postpone the problem for at least two years.

In Germany, notes the analyst, the ecological bonus set up to the tune of 2.500 euros worked from its launch. In the first semester alone, car spending represented 36 billion euros (up 23% compared to the first half of 2008), including around 7 billion euros in additional spending (how much for solar at the same time ???). The Germans buy on average larger and more equipped cars than the French or the Italians. The drop in production in factories, compared to 2008, was halved between February and June 2009. More broadly, Oddo estimates that the German premium increased consumption growth by 1% and national GDP by 0,6%, again in the first half of the year. The federal statistics office estimates that, without this automobile plan, household consumption would have declined by 1%.. Neighboring effects in the United States, where the local scrapping bonus program, which offered a bonus of up to $ 4.500 (3.165 euros) against the scrapping of an old car, generated 690.000 transactions until its extinction on August 24 for subsidies of $ 2,87 billion. Oddo estimates that "the real GDP growth rate in the third quarter was supported by 0,25% (1% at an annualized rate) by the scrapping premium effect". Effect cannot be extrapolated for the following.

Marginal contribution

In France, on the other hand, "the macroeconomic effect is almost nil", estimates Oddo Securities, even though the volume of auto spending rose 9,2% in the first half. With a scrapping premium of “only” 1.000 euros and a weight of car purchases limited to 3,5% of total consumption, “this could only contribute marginally” to the stabilization of the latter. Moreover, the revival of sales of small cars, often assembled in Slovakia, Turkey or Romania, does not bode well for France's 2009 trade balance, unless these are then re-exported to a third country such as Germany.

DENIS FAINSILBER, Les Echos

http://www.lesechos.fr/info/auto/020121844867.htm

In fact this bonus is really communism for the shareholders ...

It is not the journalists of the JT who will give the figures of the last paragraph ...