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Cash for Clunkers Near?
By j_brennan + April 24th, 2009
It looks like the “cash-for-clunkers” program could be making it’s way out of committee and passed into law in a few months.
Turns out the opponents are facing a legal battle relating to world-trade laws. In other words, some wanted the program to ONLY work for the Detroit three (actually applying discount to vehicles “manufactured in North America”).
I did a search for “vehicles manufactured in North America” and could not find a list of what vehicles qualified. Obviously leading auto makers outside of Detroit will benefit as well.
QUESTION – Will this continued delay make consumers say, “I’ll wait until I can get more for my trade.”