‘Cash for Clunkers’ Program Popular with Drivers, Dealers

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Automotive News - July 8, 2009

Deal­ers and con­sumers are prais­ing the ben­e­fits and ear­ly response to the government’s Cash for Guz­zlers (also called Cash for Clunk­ers) pro­gram. It pro­vides vouch­ers up to $4,500 when a con­sumer trades in an old vehi­cle for a new vehi­cle that gets bet­ter gas mileage. Although details aren’t final­ized, some deal­ers are push­ing ahead with sales, expect­ing to be reim­bursed lat­er.