Government Officials Call “Cash For Clunkers” Program A Success
From Wall Street to your Wallet…many see “Cash For Clunkers” as a highly successful program, taking thousands of gas guzzlers off the roads. In all, the program replaced nearly 700,000 clunkers with new fuel-efficient vehicles.
Published: August 28, 2009
Washington, D.C.—From Wall Street to your Wallet…many see “Cash For Clunkers” as a highly successful program, taking thousands of gas guzzlers off the roads.
In all, the program replaced nearly 700,000 clunkers with new fuel-efficient vehicles.
Rebate applications totaling $2.87 billion were submitted, leaving the $3 billion program with a little money left over.
“This is a win for the economy, a win for the environment, and a win for American consumers,” U.S. Department of Transportation (DOT) Secretary Ray LaHood said.
With the end of transactions under the program, DOT is augmenting a team that already includes more than 2,000 people processing dealer applications for rebates.
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