Despite all the carping by media and polticians of both stripes, our clients affirm that Cash For Clunkers was a qualified success, in that it provided a needed shot in the arm for the entire industry. Although there was an anticipated drop off after the conclusion of the program, it did allow for needed cash [...]

The successful Cash For Clunkers (Car Allowance Rebate System) is over– except for voucher payments, slowly trickling down to new motor vehicle dealers. The program was a success because it gave a shot in the arm to a troubled industry, reduced inventories of many models of new cars and trucks which, in turn, led to the firing up [...]

The Virginia Automobile Dealers Association (VADA) reported yesterday that it heard on a call with the National Highway Transportation Safety Administration (NHTSA) that in the “Cash for Clunkers” program 80% of transactions are being rejected.