‘Cash for clunkers’ became popular before all the rules were final. For the past few weeks there’s been a growing backlog of orders at dealerships. (Photo by Samara Freemark)
Today is the first official day of the cash for clunkers program. The government program offers you up to $4500 to trade in your gas guzzling car for a more fuel efficient new car. Lester Graham reports:
Transcript
Today is the first official day of the cash for clunkers program. The government program offers you up to $4500 to trade in your gas guzzling car for a more fuel efficient new car. Lester Graham reports:
The goal is to clean up the environment and give sagging new car sales a boost.
‘Cash for clunkers’ became popular before all the rules were final. For the past few weeks there’s been a growing backlog of orders at dealerships.
At Varsity Ford in Ann Arbor, Michigan, people have been seeing if their clunkers qualify, and picking out a new car that they’ll finally be able to drive off the lot today.
Matt Stanford sells cars there. He says as far as he’s concerned, ‘cash for clunkers’ is already a success.
“We’re going to sell new cars. We’re going to get cars that don’t really need to be on the road off the road.”
The National Autobmobile Dealers Association says some dealerships have been holding off until they learned more about the rules of ‘cash for clunkers’ which were just cleared up last Friday.
The clunkers will be scrapped. The cash ends when the one-billion dollars in government money runs out.
For The Environment Report, I’m Lester Graham.