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Cash for clunkers program suspended?

Government Suspends 'Clunkers' Program
At Current Rate, Giving Out $3,500 Or $4,500 Per Vehicle Would Burn Through $1 Billion Allocated In No Time
NYC Car Dealers: How Could Obama Administration Mess This Up?
NEW YORK (CBS) ― Cash for Clunkers came to a screeching haltThursday, after only six days on the road.

In a shocker, the government announced it would suspend the program at midnight because demand was too great.

It may have been the best $1 billion the government has spent so far this year.

Business was humming at Crestmont Toyota/Volkswagen Thursday night as salespeople rushed back to work on news that the government's "Cash for Clunkers" program was being suspended

Answer Question

Asked by Anonymous at 1:06 PM on Jul. 31, 2009 in Politics & Current Events

Answers (44)
  • It's the deal where you get up to $4,500 for your older low mileage beast if you buy a new car with more efficient fuel consumption.

    On Thursday night we learned the program was only good until midnight, all because of a backlog of red tape. So the salespeople were trying to get their deals through the government's Web site.

    "People are loving it. It's wonderful. It's a great stimulus package," salesman Andy Beloff said.

    But when asked if the government was running the program well, Beloff said, "No. No."

    The dealership's lot had roughly 40 clunkers waiting to be shipped to the junkyard. Each one has already been replaced by a brand new lower mileage car. The program only started last Friday. It's a victim of its own success.

    But the money may be running out faster than anyone imagined.

    Answer by Anonymous at 1:06 PM on Jul. 31, 2009

  • With almost 23,000 deals already processed and tens of thousands more in the pipeline, it's possible the $1 billion allocated for the program might have already run out and into the pockets of people like Christie Acosta, who knew a good deal when she saw one.

    "I had a 1987 Ford Explorer. We had it for a while and I was ready to get rid of it," Acosta said.

    For the economy it's good news, but the government's miscalculation has some a little nervous.

    "These are just the deals we have to submit tonight," Crestmont president Bill Strauss said while holding a stack of papers. He said the dealership has over $100,000 on the table.

    "If they can't administer a program like this, I'd be a little concerned about my health insurance," car salesman Rob Bojaryn said.


    Answer by Anonymous at 1:07 PM on Jul. 31, 2009

  • The "Clunkers" program was being administered by the National Highway Safety Administration, which has seemed overwhelmed from the get-go. Some in Congress are expected to push for expansion of the $1 billion budget on Friday.

    If you have a "Clunkers" deal in the works, don't worry. The government said Thursday any transactions already made between dealers and consumers will be honored.

    Answer by Anonymous at 1:07 PM on Jul. 31, 2009

  • but the program has had a lot of problems people have made deals and the next day the numbers have changed and they did not get the cars its crazy


    Answer by Anonymous at 1:08 PM on Jul. 31, 2009

  • If they miscalculate this badly why do we want government to control our healthcare?

    Answer by Anonymous at 1:08 PM on Jul. 31, 2009

  • And people still think the Gov't really cares about them? I laugh at their ignorance. This program would have saved jobs in many auto plants and well as dealers but oh well, we have to pay ACORN you know!

    Answer by ronjwake at 1:08 PM on Jul. 31, 2009

  • Yes, it was cancelled and it sucks. My husband sells MINI Coopers and had TWO deliveries today where people where bringing in their clunkers. Now he will be having a WONDERFUL day telling the customers that they can't get what the thought for their trade in clunkers and they very well may walk. Not cool. :(

    Answer by KTMOM at 1:09 PM on Jul. 31, 2009

  • I wonder how long Healthcare will last? Two days or maybe three when more people apply than they anticipated. Anyone who things the Gov can run anything is insane.

    Answer by Anonymous at 1:11 PM on Jul. 31, 2009

  • So what less then a week and it was supossed to be 4 months...

    I am not at all surprised though look to anything else the government gets control of but instead of FIXING messes within those some feel it is a great idea to ADD more! damn head aches.

    Answer by tnmomofive at 1:14 PM on Jul. 31, 2009

  • Once again the government has FAILED to plan/estimate/budget correctly for a limited program! LOL What makes anyone think they'll stay on budget with the multi-trillion dollar health care program?!

    Oh, and that's why they're trying to infuse and ADDITIONAL $2 BILLION into the clunker program!


    Answer by LoriKeet at 1:15 PM on Jul. 31, 2009

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