CASH FOR CLUNKERS PROGRAM NETS 4,000 SALES ON FIRST DAY
Hurry into Frontier Ford while the Government still has money, and for the best selection. We've sold 21cash for Clunkers deals already! Here Is a national perspective:
Dealers Shift Into High Gear To Register For Federal Program.
4,026 eligible vehicles were reportedly swapped out in the program's first day. Hitting 4,000 Cash for Clunkers-related sales in the first day is impressive, but that's only a small portion of sales that the program is expected to create.
The vehicles sold on Monday alone represent $17 million in rebates, which leaves $933 million in program funding after administrative costs are taken out.
But if consumers continue to trade in their vehicles at such a torrid pace, the money allocated for the program will be completely gone in about two months, well ahead of the November deadline to exhaust the program's budget.
