Cash for clunkers

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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.
Sydney Morning Herald  Jun 16  Comment 
Incentives in America to encourage people to get rid of their old cars have been taken up by some shady characters.
Wall Street Sector Selector  Jun 8  Comment 
Remember cash for clunkers? Of course you do. That was the scheme to boost US auto sales by offering car owners cash for bringing in their old "clunkers." Now China -- thought to be the hottest car market in the world -- is announcing a similar...




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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]

References

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