Cash for clunkers

The Hindu Business Line  Aug 31  Comment 
At a conference on public transport innovation in Delhi, Transport Minister Nitin Gadkari said the government is working on a ‘cash for clunkers’ scheme. Consulting firm McKinsey has been roped in...
Forbes  Jul 24  Comment 
Predictably, the last provision to kick-in for Obamacare (the so-called "Cadillac Tax") is stirring up a debate but not in the way you might think. Some Republicans are on the side of the administration while some unions are trying to get the...
The Economist  Aug 7  Comment 
AMERICA’S “cash for clunkers” program, introduced during the depths of the downturn, was supposed to be a policy two-for-one. By paying people to trade in their old fuel-guzzling cars for new efficient ones, the scheme was supposed to jump...
The Economic Times  Dec 22  Comment 
"The idea is to rekindle manufacturing in the country... the automobile sector has immense trickle-down effect," a senior DIPP official told ET.
Forbes  Sep 4  Comment 
“Established technology is being given a federally funded new lease on life,” athenahealth CEO Jonathan Bush said. “Traditional health software now is on Medicare, being kept alive like grandma.” Bush dubs this program as the “cash for...
Globe Newswire  Jun 14  Comment 
LAS VEGAS, June 14, 2012 (GLOBE NEWSWIRE) -- IOCOM, a leading provider of video conferencing and collaboration solutions, today announces from InfoComm 2012 its new Cash for Clunkers program. Companies can trade in old video conferencing
MarketWatch  Apr 3  Comment 
Toyota said Tuesday that it sold 203,282 vehicles in the U.S. last month, an 11.2% gain and its best March since 2008. The Toyota division was up 13.5% to 183,142 units while Lexus slipped 6.1% to 20,140. "Toyota dealers had their best-selling...
BusinessWeek  Feb 2  Comment 
Automakers sold new cars and trucks in January at the fastest pace since the 2009 “cash for clunkers” program without resorting to profit-sapping discounts, signaling demand returned to pre-recession levels.


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Cash for Clunkers (also known as Car Allowance Rebate System) was a $3 billion U.S. federal scrappage intended to replace older vehicles with new ones that use less fuel, are safer and pollute less. The program officially started on July 1 2009 and ended on August 24 2009 due to lack of resources. The goal of the program was to give the struggling auto industry a sales boost. [1] On 26 Aug 2009, The program managed to replace 700,000 cars with far more fuel efficient vehicles. The rebate applications were worth $2.877 billion. [2]


  1. USATODAY article on Cash For Clunkers
  2. United States Department of Transportation
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