Scrappage schemes are only a temporary fix for Europe's car sales problem

Renault CEO Carlos Ghosn has added his voice to the demand for government incentives to boost EU new vehicle sales. Spain's scrappage scheme will end in March 2013, and the French government looks to be considering reintroducing similar incentives to try to stimulate growth. However, motorists remain reluctant to spend and these schemes are simply a temporary fix for declining sales.

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Repsol's commitment to sustainability will bring early-mover advantages

Under an agreement signed with the Spanish government, Respol will be installing 300 electric vehicle charging points at its sites. The move is not without risk, as there is currently little consumer demand for alternative fuels, but with conventional oil prices soaring, Repsol aims to boost dwindling revenue by entering into an innovative and expanding market.

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Arval: CaixaRenting acquisition to create new giant in Spanish car leasing market

Spanish firm la Caixa has agreed to sell its vehicle leasing business, CaixaRenting, to France-based Arval, in a deal that could create a new leader in the Spanish car leasing market. Datamonitor believes that partnerships like this one will be the driving force behind a revival in Spain's loss-making fleet businesses.

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Commercial fuel retail: fuel cards lead the way in Europe

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Vehicle manufacturers are building their fleets

A recent Datamonitor survey has revealed that vehicle manufacturers now control almost half of the operational leasing operations in Europe's five leading company car markets. With banks exiting the sector in search of more lucrative returns, vehicle manufacturers are expected to capitalize on the opportunity and gradually increase their share of the market.

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Spanish aftermarket: 3.1% yearly rise in tire market volume

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Spanish aftermarket: tire sales worth E825 million by 2008

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Spain used car sales: stable growth to 1.6 million by 2008

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Used cars: Europe to exceed 30 million sales in 2007

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Aftermarket: many garages unaware of changing regulations

A large proportion of garages and tire dealers in the major European markets are not aware of legislative changes due later this year. However, Germans are particularly well informed and optimistic, believing that their businesses will grow as the number of franchised dealers falls.<BR />

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