Friday, December 18, 2009

Cash for clunkers

What’s write and what’s wrong

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 efficient vehicle when trading in a less fuel efficient vehicle.



Most common Clunkers deal: old pickup for new pickup


By Ted Bridis Associated Press Posted: 11/04/2009 11:36:31 AM PST
Updated: 11/05/2009 08:40:33 AM PST


WASHINGTON — The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.