Tuesday, June 23, 2009

Government Cash-for-Clunkers Website

It looks like this won't be used to get classic cars off the road (trade-ins must be less than 25 years old), but it also looks like it won't be very successful.
Government Launches ‘Cash-for-Clunkers’ Website – Automotive News & Car Rumors at Automobile Magazine:
"The National Highway Traffic Safety Administration (NHTSA) launched the website for its ‘cash-for-clunkers’ incentive program yesterday, despite the continued uncertainty regarding how the program will be implemented.
. . .
The website for the program, located at www.cars.gov, has been dubbed the “Car Allowance Rebate System.”
. . .
The site also contains a link to the government’s fuel economy rating site, and a copy of the actual legislation that created the program.
. . .
Analysts have been skeptical about how effective the program will be. Funding for the program was dramatically reduced, from an envisioned $4 billion (enough for about 1 million rebates) to one-fourth of that, and the current delay in finalizing the program’s details means it won’t take advantage of the typical summer buying rush. In addition, many believe the owners of cars that qualify for the program won’t be able to afford to buy new cars – even with the available $4500 rebate."

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