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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
A scrappage program is a government incentive program to promote the replacement of old vehicles with modern vehicles. Scrappage programs generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries introduced large-scale scrappage programs as an ...
Update: The "Cash for Clunkers" program was suspended late today. As the "cash for clunkers" program kicked into high gear this week and dealers started accepting trade-ins, automakers heralded ...
As the CARS program -- a.k.a. "cash for clunkers" -- helped an estimated 700,000 cars find new homes, it was sometimes easy to forget the opposite end of the process. For every car that was ...
Whether you cashed in on last summer's Cash for Clunkers program or not, you paid for a new car. According to research from Edmunds.com, taxpayers paid an average $24,000 per clunker in buying a ...
As the CARS program -- aka "cash for clunkers" finishes up today, it marks the end of a very short, yet exceedingly contentious government stimulus program. As the most visible of the government's ...
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