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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 ...
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 ...
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 ]
The Car Allowance Rebate System, better known as "Cash for Clunkers," was a big success in helping car owners trade in their old automobiles for new fuel-efficient ones back in July and August.
Update: The "Cash for Clunkers" program was suspended late today. As the "cash for clunkers" program kicked into high gear this week and dealers started accepting trade-ins, automakers heralded ...
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 ...
A scrappage program is a government incentive program to promote the replacement of old vehicles with modern vehicles. Scrappage programs generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries introduced large-scale scrappage programs as an ...
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 ...