Robiwat

That's a good analysis from a lay perspective. There are as valuhunter observes between 7-8 million new and used car sales each year on a car parc of 31 million. The annual scrappage rate (cars coming to the end of their natural life or written off in accidents) is around 5-6% of the total parc 1.6m-1.9m cars. Fleets which account for half of new car…