Denver Channel News, 7/28/2009 Cash for Clunkers
The Cash for Clunkers program is expected to help spur the purchase of 250,000 new automobiles.
One of the goals of the program is to stimulate the economy. Another is to lessen America’s dependence on foreign oil by providing incentives for the purchase of more fuel efficient automobiles.
But what happens to the “gas hogs” that are traded in?
Industry officials tell 7NEWS that those trade-ins will be kept off the street. [read more…]