German publication Der Spiegel looks at Britain being the next company to introduce a “scrapping bonus” to provide incentive for people to purchase new cars and get rid of an old gas guzzler in the process.

http://www.spiegel.de/international/europe/0,1518,618752,00.html

Britain is expected to become the next European country to adopt Germany’s successful “scrapping bonus” to stimulate the ailing automobile industry. The program, which has seen German auto sales surge by 40 percent, offers customers a premium for trading in old cars and buying new ones.

It remains to be seen if the US introduces something similar.  Some articles have presented some other recent pieces have been skeptical of programs such as this.  I guess we’ll just have to wait and see (but I feel like everyone “waiting and seeing” is part of the reason the rate of new car sales remains next to nothing).