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More on "Clunkers" Program: Some Dealers Pulling Out; Biggest Sellers Not From Detroit

By Brian Wolfman

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This story in today's Washington Post explains that half the dealers in the New York City area and at least one in Maryland is pulling out of the "cash for clunkers" program because of delays in getting paid by the government. The dealers say that they have been paying up to $4,500 to each participating consumer immediately, but they have not yet been reimbursed by the government. Transportation Secretary Ray La Hood says that's the money will be coming to the dealers. And, though one of the justifications for the program is that it will help save Detroit automakers, the Post also reports that the top two new cars sold in the clunkers program are the Toyota Corolla and Honda Civic. The Ford Focus is third.

Full post as published by CL&P Blog on August 20, 2009 (boomark / email).

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