Cash For Clunkers Program Explained : NPR

Jul 27, 2009 · Last week, the government launched a $1 billion program to get consumers to part with their gas-guzzling cars and trucks and buy more fuel-efficient vehicles. The so-called Cash for Clunkers ...

CouponFollow Extension

$1
OFF

Cash For Clunkers Program Explained : NPR

1 week from now

npr.org

$25000
OFF

Was Cash For Clunkers A Success? - TIME

1 week from now

Aug 26, 2009 · If we assume an average selling price of $25,000 for the program, and total unit sales of 700,000, the cash-for-clunkers program generated at least $17.5 billion of economic …

time.com

$2.85
OFF

Cash For Clunkers Had Modest And Short-Lived Effects

1 week from now

A sharp decline in sales after the program ended suggests that it had a muted total effect on auto purchases. Under the $2.85 billion "Cash for Clunkers" program, the federal government paid …

nber.org

$4500
OFF

Charities Lament 'Cash For Clunkers' Program : NPR

1 week from now

Jul 14, 2009 · Charities Lament 'Cash For Clunkers' Program When Congress passed a new law to give people up to $4,500 to junk their old cars and buy new, more efficient ones, the auto …

npr.org

$2
OFF

Senate Refills 'Cash-For-Clunkers' Program : NPR

1 week from now

Aug 7, 2009 · The Senate has approved legislation to provide an additional $2 billion for the "cash for clunkers" program. The final vote was 60-37. The House voted last week to keep the …

npr.org

FAQs about Cash For Clunkers Program Explained : NPR Coupon?

What is cash for Clunkers?

Cash for Clunkers was a U.S. government program that provided financial incentives to car owners to trade in their old, less fuel-efficient vehicles and buy more fuel-efficient vehicles. ...

Is the car allowance rebate system a 'cash for Clunkers' program?

The Car Allowance Rebate System (CARS) or “cash for clunkers” program, launched during the height of the recession with the intention of stimulating the economy, creating jobs, and reducing emissions, was actually far more expensive per job created than alternative fiscal stimulus programs, according to a paper Ted Gayer and Emily Parker. ...

Did cash for Clunkers reduce consumer spending?

Cash for Clunkers didn’t juice consumer spending; it reduced it. Had the law’s environmental focus merely limited the fuel-economy rating of the vehicles eligible for trade-in, Cash for Clunkers would probably have worked pretty much as planned, say the authors. ...

Did cash for Clunkers really help automakers?

Still, Cash for Clunkers didn’t exactly help the intended beneficiary, US automakers. The nearly 39% share of autos sold under the program was actually about six percentage-points less than their overall market share at that time. This isn’t that surprising. ...

Does cash for Clunkers increase light vehicle sales?

Using a reduced form demand model, the study authors concluded that the Cash for Clunkers program increased light vehicle sales in July and August 2009 by between 450,000 and 710,000 vehicles, and rejected "a 'Cash for Clunkers' associated decline in automobile sales in the months immediately following the termination of the program." ...

Did the House approve a cash-for-Clunkers program?

The House approved creating a cash-for-clunkers program with the 298 to 119 passage of the CARS Act ("Consumer Assistance to Recycle and Save Act", H.R. 1550). ...