Cash for clunkers program 2009 Review

Review of Cash for clunkers program 2009

Hi friends, you may be thinking about what is Cash for clunkers program 2009. It is a program by the government to promote the replacement of old vehicles to modern vehicles.

This program has been started from yesterday. The program is offering Americans up to $4,500 toward the purchase of a new, more fuel-efficient car when they trade in an older, less fuel-efficient car.

Transportation Secretary Ray LaHood told that 16,000 U.S. auto dealers have applied to participate in the “cash-for-clunkers” vehicle trade-in program, or about 80 percent of the nation’s new- vehicle retailers.

Cash for clunkers program is aiming for stimulating the industry of automobile and to lessen high emission or insufficient vehicles in the road. After announcement of bankruptcy of General Motors, President Obama has been pushing Congress to pass cash for clunkers, which would offer government subsidies to consumers who purchase certain new cars and scrap old ones.

Edmunds.com claims the Environmental Protection Agency changed some of the combined mileage ratings for older vehicles over the weekend so that some vehicles no longer qualify for the "cash for clunkers" program.

The controversial "cash-for-clunkers" program, which started yesterday, has generated a number of views about its potential effectiveness. Here are few opinions about this program.

You can read here more information about "cash for clunkers," which is formally known as the "Car Allowance Rebate System".