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CITY VIEWS: WILL THE SCRAPPAGE SCHEME BOOST CAR SALES?

<!--StartFragment--><strong>PETER HUGHES&nbsp;</strong>&nbsp;STANDARD BANK<br /> <!--StartFragment-->&ldquo;When we went into the crisis, many people stopped spending but now that it&rsquo;s clear the world isn&rsquo;t going to end, they are loosening their purse strings and many will be looking to buy a car. This might well give the car industry a much-needed boost.&rdquo;<!--EndFragment--><br /><br /><!--StartFragment--> <strong>KATIE CAYZER</strong>&nbsp;&nbsp;SUMITOMO CORP<br />&ldquo;It would persuade me to buy a new car if I were in that situation, but I have heard there are catches to the scheme. It will be beneficial to the car industry after it has been going through such a hard time, though &ndash; something is better than nothing.&rdquo;<br /> <!--EndFragment--> <br /><!--StartFragment--> <strong>NICK MIDGLEY</strong>&nbsp;&nbsp;JEFFERIES<br /><!--StartFragment-->&ldquo;If I were thinking of buying a new car, the money would encourage me, but it will cost the government a lot of money at a time when the budget is already stretched. On balance, I think the scrappage scheme is probably a bad idea financially.&rdquo;<!--EndFragment-->&nbsp; &nbsp;