The hugely popular Cash for Clunkers or CARS program ended Monday night at 8:00 pm. Though the rebate system resulted in over 700,000 old, gas-hungry vehicles being traded in for an equal number of efficient, brand-new cars and trucks, many dealers are still scrambling to file the proper paperwork involved in getting their deals approved. [...]
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A staggering 450,000 clunkers have been traded in for new, fuel-efficient vehicles. While that’s great news for buyers, sellers and manufacturers alike, no one expected the CARS program to be so popular or so effective. After receiving an additional $2 billion in funding — upping the grand total to $3 billion — Cash for Clunkers [...]
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Cash for Clunkers, or CARS, has been a resounding success so far. The first $1 billion allocated for the program was exasperated in the first week, and congress has since approved another $2 billion to keep the vouchers flowing. As expected, manufacturers have seen increased sales for the first time in months. That means dealers [...]
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The Cash for Clunkers, or CARS, program is off to an amazing success, with most of the original $1 billion allotted for the program already spent. So far, domestic manufacturers have benefited from the program immensely, with the Ford Focus taking top honors as the vehicle most purchased with Cash for Clunkers vouchers. That doesn’t [...]
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