What will happen next to car dealerships when the Cash for Clunkers program end this Monday?
Dealerships have been selling a lot of cars for the past month. Many people with old car in their driveway came in and trade for car with more fuel friendly. Car dealerships across the nation selling more cars than 2 months ago. GM, Chrysler and other manufactures say they will make more cars and more jobs to meet the demand for CARS program. My questions are What will happen next to car dealerships and manufactures when the Cash for Clunkers end? Will consumers buy cars and dealers sell more and manufactures make more cars?
Asked By: Jason - 8/23/2009
Best Answer - Chosen by Asker
After the program ends, many dealers will find that sales slow down to almost nothing. Any rebate or incentive program causes people to buy vehicles earlier than they normally would. Many of the people who may have purchased a car in October or November will have already purchased with the clunker program, so sales... More
Answered By: fire4511 - 8/24/2009
Additional Answers (4)
The cash for clunkers program may be a disaster for many car dealers. The rebates were given, but the government hasn't payed the dealers yet. There are reports of dealers going back to customers and asking for the money back as well. I would expect the used car market will face a bit of a glut.
Answered By: Mr. Fantastic II - 8/23/2009
The buying spree will end, but taxpayer debt will last forever. Sorry, but it's stupid to bill the taxpayer in an attempt to stimulate the economy... More
Answered By: appsptspcl - 8/23/2009
It simply means that the government will no longer honor $4500 for old cars that qualified under "cash for clunkers" program. That's all. You can still trade in your car the old fashioned way but you'd probably get a lot less money for it from the dealer... More
Answered By: euroman71 - 8/24/2009
Overall "Cash for Clunkers" didn't do it's job... More
Answered By: Sophie B - 8/24/2009
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