Clunker wind-down plan to be announced within days

I specific end date should have been set last week. Instead, the NHTSA broadened the CARS program to allow transactions for ordered new vehicles in addition to cars and trucks on the dealer's lot. Yesterday, the NADA reviewed its latest dealer survey with the NHTSA. Today, they have turned 180 degrees and are ready to end the program. Set the date, wrap it up, pay the dealers. The program worked but it is over. OEMs will restock dealers with 2010 models, sales will dip in September, but at least the 2009 inventory has been depleted. Good intentions, modest results, time to move on.



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