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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 ...
Blinder was an early advocate of a "Cash for Clunkers" program, in which the government buys some of the oldest, most-polluting vehicles and scraps them. In July 2008, he wrote an article in The New York Times advocating such a program, [ 22 ] which was implemented by the Obama administration during the summer of 2009. [ 23 ]
Vehicle recycling or automobile scrapping is the dismantling of vehicles for spare parts. At the end of their useful life, vehicles have value as a source of spare parts and this has created a vehicle dismantling industry. The industry has various names for its business outlets including wrecking yard, auto dismantling yard, car spare parts ...
Whether you cashed in on last summer's Cash for Clunkers program or not, you paid for a new car. According to research from Edmunds.com, taxpayers paid an average $24,000 per clunker in buying a ...
Starting today, the government's Car Allowance Rebate System (CARS), aka "Cash for Clunkers," will go into effect. The controversial program, which has drawn both the appreciation and the ire of ...
As the CARS program -- a.k.a. "cash for clunkers" -- helped an estimated 700,000 cars find new homes, it was sometimes easy to forget the opposite end of the process. For every car that was ...
If I had waited just one more day to join the thousands filing into car dealers across the country looking to cash in on the government's latest attempt to reboot the economy, the Cash for Clunkers
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