Cash for Clunkers Suspended. Sure this is bad news to those who would like to benefit from the program but what else can be done when the $1 Billion allocated by Congress for the program is quickly depleted? Cash for Clunkers program will be suspended starting Friday midnight, July 31st.
The National Automobile Dealers Association has issued a statement:
We do not have confirmation yet of DOT suspending the clunkers program, but if the program is indeed suspended, NADA will continue to work with the Department of Transportation to emphasize the importance that every dealer is reimbursed for a valid deal. We will also work with the Obama Administration and members of Congress to meet the demonstrated consumer interest in the cash-for-clunkers program.
Labels: Cash for Clunkers, Suspended
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