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'Clunkers' Ends Monday

By the Associated Press

Posted Aug 20, 2009 4:38 PM CDT

(AP) – The Obama administration will end the $3 billion Cash for Clunkers program at 8pm Monday, giving car shoppers a few more days to take advantage of big government incentives. Dealers have complained about sluggish reimbursements, but Transportation Secretary Ray LaHood said the program has been "a lifeline to the automobile industry, jump-starting a major sector of the economy and putting people back to work."
 

The White House has touted the program's success in providing a targeted boost to the sluggish economy since its inception in late July. Through today, auto dealers have made deals worth $1.9 billion, and the incentives have generated more than 457,000 vehicle sales.

A Ford Dealership in San Jose, Calif.
A Ford Dealership in San Jose, Calif.   (AP Photo/Marcio Jose Sanchez, file)
In this photo taken on Aug. 16, 2009 a 1997 Cadillac Sedan De Ville that was traded in sits at a Ford dealership in Centennial, Colo.
In this photo taken on Aug. 16, 2009 a 1997 Cadillac Sedan De Ville that was traded in sits at a Ford dealership in Centennial, Colo.   (David Zalubowski)
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COMMENTS
Showing 3 of 5 comments
odowd80
Aug 21, 2009 12:40 PM CDT
Democrats believe in the positive power of government, its nice to see the results of that attitude.
Jes
Aug 21, 2009 3:17 AM CDT
So they've raised $1.9 bil and spent $3 bil. Rousing success.
BlahBlahBlah
Aug 21, 2009 2:37 AM CDT
True my friend, very true.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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