REPORT: CARS To End Monday

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 Transportation Department said Thursday the government will wind down the program on Monday at 8 p.m. EDT. Car buyers can receive rebates of $3,500 or $4,500 for trading in older vehicles for new, more fuel-efficient models.
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Janizary - 8/20/2009 7:19:53 PM

+4 Boost

So all of that increase in production Ford and GM have implemented should hit the lot shortly after CFC ends. Brilliant! ;-)

EL34 - 8/20/2009 8:49:14 PM

-4 Boost

Obama will be on vaction this Monday unavailable for comment.

Obama is the clunker.

lol

Whelan - 8/21/2009 9:35:08 AM

+1 Boost

By the time manufacturers get to ramping up production this new flood of autos coming from plants will be sitting on lots in a few months time.

Needless to say you will see this program come back, maybe with a broader spectrum of returns allowed and easier paperwork. Leave it to the government to screw things up again.

Shredmo - 8/21/2009 10:48:13 AM

+2 Boost

How many cars, SUVs, crossovers & minivans (not trucks) have been sold in 2009 qualify as "clunkers" from the MPG standpoint?
I personally bought a sedan that gets a combined 18mpg (qualifies as a clunker). The car I traded was worth $2300, got too good of MPG for this program. You would be terribly short sighted to think this program is making a difference environmentally. A select few benefited off your current tax dollars in exchange for destroying 1990's GDP.

Type707 - 8/21/2009 3:27:55 PM

+2 Boost

Errone scramble now...the dealers are getting screwed again.