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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
The Obama administration's "cash for clunkers" program has gotten the U.S. auto industry off its deathbed. The program, which gives people up to a $4,500 incentive to exchange their old gas ...
Doerr, in public speeches, called the proposal "cash for caulkers". Separately U.S. Representative Peter Welch proposed a system of energy rebates to Rahm Emanuel, Obama’s Chief of Staff. [3] Obama, in turn, proposed the idea as part of a larger new stimulus program, at a speech at the Brookings Institution on December 8, 2009. [4]
About nine months have passed since the federal government ended its popular and controversial "cash for clunkers" program. But the jury is still out on how much the incentive helped boost the ...
The "cash for clunkers" program, which offers $3,500 to $4,500 to buyers trading in older cars for newer, more fuel-efficient models, is a turning point in the government's plan to bailout the ...
The "cash for clunkers" program has been a great success -- too successful, in fact. Some auto dealers are nearly out of cars. That poses a problem for the Obama administration. It would like the ...
Update: The "Cash for Clunkers" program was suspended late today when the Federal government feared the program would run out of money within days. Ford Motors says the just-launched federal "cash ...
It is frequently compared to the Car Allowance Rebate System (CARS), colloquially known as "Cash for Clunkers," which was a 2009 federal program to encourage replacing cars with low fuel efficiency.