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August 24, 2009

Cash For Clunkers ends tonight, 8 p.m. EST – $2.65 billion spent so far

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The Cash For Clunkers (C.A.R.S.) program ends today. There are about five hours left before the über-successful government program comes to a sodium silicate-induced halt. So, anyone who’s on the fence about getting an extra $4,500 for their low-mileage clunker should call their local dealer pronto. Transportation Secretary Ray LaHood repeated that every dealer that submit their rebate requests by 8 p.m. tonight will get paid.

How successful has the program been? As of 7:47 a.m this morning, $2.65 billion in rebates (for 635,186 claims), have been submitted by dealers across the U.S. C.A.R.S. numbers released Friday showed that 489,269 claims worth $2.0 billion had been submitted. Once the deadline has passed, it’ll be interesting to see where the final MPG improvements and rankings of purchased and clunked cars end up. Shouldn’t have to wait long.

[Source: Automotive News (subs req’d)]
Photo by dno1967. Licensed under Creative Commons license 2.0.

Cash For Clunkers ends tonight, 8 p.m. EST – $2.65 billion spent so far originally appeared on Autoblog Green on Mon, 24 Aug 2009 14:57:00 EST. Please see our terms for use of feeds.

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