Cash For Clunkers Program Big Success for Car Dealers and Buyers

Cash For Clunkers Program Big Success for Car Dealers and Buyers

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cash-for-clunkers.jpgFinally, a program most Democrats and Republicans agree on.

The House of Representatives voted on Friday to inject an additional $2 billion into the government’s popular Cash-for-Clunkers program to encourage Americans to trade in old automobiles and buy new, fuel-efficient vehicles.

Suddenly-booming car dealers were bolstered through the weekend by the promise of government rebate incentives of $3,500 to $4,500 for 250,000 new car sales.

President Obama says the stimulative program has succeeded beyond his expectations.

(Watch NBC video below, or read NPR story

 

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