National media reports Transportation Secretary Ray LaHood has announced the popular "Cash for Clunkers" program will end Monday evening, signaling an exhaustion of the $3Billion allocated by Congress.
The program, despite administrative snafus, has attracted customers back to car lots and for those with a qualifying clunker, a worthless vehicle could be worth $4500 towards the purchase of a new fuel efficient car.
The program helped empty car lots and dealers are now stuggling to find popular models.
As for me, I sold two vehicles under the clunker program and dozens of cars are headed for the junkyard from the FX dealerships.
2 comments:
When does the program start to "help" the folks who can't pay their car payment start.
Those people who got the $200.00 better hurry up and buy a new car.
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