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.
“It’s been a thrill to be part of the best economic news story in America,” Secretary Ray LaHood said in a statement. “Now we are working toward an orderly wind down of this very popular program.”
Through Thursday, auto dealers have made deals worth …Â Details
This entry was posted
on Thursday, August 20th, 2009 at 1:38 pm and is filed under Auto Misc., Automobile.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.