Clunkers Cash Trickles Down

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The successful Cash For Clunkers (Car Allowance Rebate System) is over– except for voucher payments, slowly trickling down to new motor vehicle dealers.

The program was a success because it gave a shot in the arm to a troubled industry, reduced inventories of many models of new cars and trucks which, in turn, led to the firing up of factories. The express purpose, although overshadowed by the economic effect, was to benefit the environment by swapping more efficient and less polluting new vehicles for older vehicles, which should occur to some less quantifiable degree.

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Published In: General Business Updates, Environmental Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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