The Little Lada that Could

Moscow’s new cash-for-clunkers scheme is doing what many people thought was impossible – reviving Russia’s crisis-hit auto market and persuading ordinary Russians to buy Russian cars.

And just like American interventionism into the markets, the results are always failure:

Moscow began offering motorists discounts of up to $1,666 on new cars in early March on condition that they bought Russian-built autos and traded in their clunkers for scrap.

Though success is something hardly involved in the American or European cash for clunkers programs:

Modeled on highly "successful" US and European car trade-in programmes, the scheme has given a jump start to the Russian auto market, ending an 18-month decline in sales.

Source: Russians line up for Ladas as domestic car market booms