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August 20, 2009

Clunkers program to end Monday

 

The federal government plans to end the popular cash for clunkers program Monday at 8 p.m., the Associated Press is reporting.

The program pays motorists up to $4,500 to trade in their gas guzzlers for new cars with better (though some say not very much better) mileage. It was also an economic stimulus program.

As of today, dealers have made deals worth $1.9 billion and the money was expected to run out in early September. The incentives are credited with sale of more than 457,000 vehicles, the AP wrote.

The Obama administration said it's tripled the number of people reviewing the applications so it can get dealers their money. They have complained about how slow the process has become. Some $145 million has already been paid to dealers.

Associated Press photo of clunkers being crushed

Posted by Meredith Cohn at 4:44 PM | | Comments (2)
Categories: News
        

Comments

The big question is - what will happen to auto sales when the program ends?
My guess is sales tank, quick.

You donot need actual vouchers or coupons to partipate in this program. All dealers are required and government will
reimburse the fees for the clunkers

Henry
Blogger
www.cashforclunkersfacts.info
http://www.cashforclunkersfacts.info

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About the bloggers
Meredith CohnMeredith Cohn has been a reporter for more than 18 years and has covered a variety of subjects, from airlines and agriculture to politics and health and fitness. She's gained an appreciation for the environment as a biker, runner and dog walker. She also hopes this blog means coworkers will stop staring when she carries home recyclables from the office.

Tim WheelerTim Wheeler reports on the environment and Chesapeake Bay. A native of West Virginia, he has focused mainly on Maryland's environment since moving here in 1983. Along the way, he's crewed aboard a skipjack in the bay, canoed under city streets up the Jones Fall from the Inner Harbor, and gone deep underground in a western Maryland coal mine. He loves seafood, rambles in the country and good stories. He hopes to share some here.

Contributor Christy Zuccarini has been blogging about the local DIY craft scene for a year for Baltimoresun.com. She brings her pespective on all things handmade to B'More Green, where she will highlight projects you can do yourself as well as crafters who are integrating sustainable methods and materials.
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