Sunday, August 30, 2009
Cash For Clunkers Program Draws Mixed Reviews
VOAVideo: Cash For Clunkers Program Draws Mixed Reviews
Monday marked the final day of the U.S. government's Car Allowance Rebate System also know as Cash for Clunkers, a term for old cars that consume too much gasoline. The aim of the program is to stimulate the auto industry by offering rebates to owners who trade in their old cars for new ones. Consumers flocked to car dealerships across the country to trade in their vehicles for discounted, more fuel efficient models. VOA's Elizabeth Lee looks into whether the program helped or hurt the automobile industry.