Trade-in incentive slow to boost Dutch car sales
The trade-in incentive introduced on Friday is too little to stimulate car sales, say car dealers.The Netherlands – The Dutch trade-in incentive for old cars which went into effect on Friday has yet to stimulate a large increase in sales.
While some may say it’s too early for the incentive to lead to an increase in sales, car dealers are complaining the discount is not enough to stimulate car sales.
In an interview with Dutch Business News Radio, two car dealers said the discount is too little to stimulate car sales, which have fallen in recent months in the Netherlands.
Both dealers opened their dealership on Whit Monday - a public holiday - but had few customers.
Under the new scheme, car owners can trade in their old vehicle for a discount of up to EUR 1,700 for a newer one. The new vehicle must meet certain environmental standards for the trade-in discount to apply.
The programme is funded partially by the Dutch government and the auto industry which have set aside EUR 65 million and EUR 20 million respectively.
Meanwhile, a similar programme in Germany has proved to be a success as car sales rose 19 percent in April compared to the same month last year. The German scheme offers a EUR 2,500 euro incentive for trading an old car for a new one.
In the UK, more than 35,000 cars were sold in April and May under a trade-in scheme offering a discount of GDP 2,000 pounds (EUR 2,320).
Radio Netherlands / Expatica