The National Highway Transportation Safety Administration held an informative webinar with NADA to help answer a few lingering questions about the new Cash for Clunkers program. The NHTSA has settled on an official name, the Car Allowance Rebate System (CARS). One of the biggest questions dealers had during the NADA webinar was on how they should register. According to the NADA, all major manufacturers have provided the NHTSA with a complete list of registered dealers. The NHTSA will mail details of how to register for the program soon.
While that clears up registration, some dealers are concerned about the amount of funding available for the program, with a few fearful that the $1 billion allotted may not last through the end of August. Other articles point to a probable revisit of the bill in the fall. That means Congress will have another shot at ironing out any of the less than successful portions of the bill and inject more funds into CARS.
Though the NADA webinar took care of a few worries, there are still more questions left to be answered. At the moment, no one knows whether a parent will be able to use a clunker of their own for child’s new-car purchase, or whether non U.S. citizens will be able to take part in the program. The NHTSA has until the 25th to have the program up and running, so something tells us these questions will have answers by then.
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