Manufacturer’s Discuss Cash for Clunker-Like Package
Everything circles back. Looks like we may be expecting news on a Federal program this summer possibly. The COVID19 Corona virus is killing new car sales. This has Washington DC considering a new car buying stimulus plan .
“We think some level of stimulus somewhere on the other side of this would help not only the auto industry and our dealers, which are a huge part of our overall economy, but will help the customers as well,” said Mark LaNeve, Ford’s vice president of U.S. marketing, sales and service, in a phone interview with Bloomberg.
Ford thinks something similar is possible
As the coronavirus slams the economy, Ford suggests a similar stimulus program will be necessary.
Ford Motor Co. would like the U.S. government to sponsor an automotive stimulus program to help the industry get back on its feet after the coronavirus crisis abates.
Ford expects stimulus talks with U.S. government
Ford is expecting to talk with the U.S. government about an automotive stimulus package to help the industry get back on track once the coronavirus pandemic subsides.
Vehicle Sales Plunge by 5.5 Million Units, Most Since 1987