Trading up

Freight trains loaded with brand new cars sit idle at a switching yard in Munich, southern Germany, in 2008. Government-backed incentives to encourage car buyers have staunched precipitous sales declines among European automakers, with consumers trading up for new efficient and environmentally friendly models and scrapping their old cars for cash.

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Freight trains loaded with brand new cars sit idle at a switching yard in Munich, southern Germany, in 2008. Government-backed incentives to encourage car buyers have staunched precipitous sales declines among European automakers, with consumers trading up for new efficient and environmentally friendly models and scrapping their old cars for cash.

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