According to the results of a new survey released by Dealix, auto dealers across the country say the new federal automotive incentive program has spurred interest in new car sales. Despite the fact that the rules governing the program have yet to be released by the National Highway Transportation Safety Administration, three out of 10 dealers have already reported making a Cash for Clunkers related sale. A fact even more surprising given the fact that 66 percent of dealers surveyed say the available information on the program is insufficient.
While the NHTSA is set to clarify the program starting tomorrow, July 24, the survey reveals most dealers believe CARS has spurred interest in new sales. Over 90 percent of those responding said consumers are showing awareness of the program, with 34 percent saying there’s a lot of interest in the program. That interest has translated into more show room visits, with 68 percent of respondents claiming Cash for Clunkers-related visits. Meanwhile, 65 percent of those responding attributed higher than average internet traffic.
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