Cash for Clunkers generates 700K new car sales on us.rd.yahoo.com ›
Cash for Clunkers generated nearly 700,000 new car sales and ended under its $3 billion budget, the Transportation Department said Wednesday.
Cash for Clunkers generated nearly 700,000 new car sales and ended under its $3 billion budget, the Transportation Department said Wednesday.
The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday, giving car shoppers a few more days to take advantage of big government incentives.
The “Cash for Clunkers” bill, which would have paid people for their old cars in an effort to get people off the road, and purchasing new cars, has had it’s share of problems, but now it is facing a filibuster and will probably be killed.
As part of the stimulus and environmental package, the governement is offering cash for old gas-guzzling cars. Today, however, they reworked the list of eligible cars for the program, disqualifying many who may have been eligible before.
The Senate passed the Cash for Clunkers Program today, which gives consumers with cars that get less than 18 miles per gallon the ability to turn them in for a $3,500 or $4,500 cash voucher.