Analysts do not see the car recovery before 2011

source: Forwheels

The European car sales has been badly affected by the global economic downturn and this has resulted in the introduction of scrappage incentive strategies in a number of nations. Some analysts do not see recovery before 2011.

According to these analysts what could change the picture for 2009 is an extension of the scrappage incentives. The stopping of the scheme will have a recessionary consequence. In the same vein, analysts are saying that US markets will recover earlier, maybe by the end of this year.