Cash for Clunkers Suspended

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Cash for Clunkers Suspended. Not yet. The suspension will start Friday midnight. The program is suspended when it became obvious that the $1 billion allocated by Congress for it is quickly depleted. $1 billion is not enough. Auto dealers told the Wall Street Journal that they "will stop accepting cars for trade-in under the program until they are sure funds are available."

The National Automobile Dealers Association has released a statement:

We do not have confirmation yet of DOT suspending the clunkers program, but if the program is indeed suspended, NADA will continue to work with the Department of Transportation to emphasize the importance that every dealer is reimbursed for a valid deal. We will also work with the Obama Administration and members of Congress to meet the demonstrated consumer interest in the cash-for-clunkers program.


Avis August 1, 2009 at 11:11 PM  

I hope they dont suspend this cash for clunkers program indefinitely..My husband was trying to get the best deal to trade in his truck for a new van. He had 3 dealerships trying to get his business. The Chrysler dealer is a friend of ours, and he had not gotten his certificate to participate in the clunkers program. He was expecting it any day, and was working on getting a van from another dealer, to sell to my husband. There is no way my husband could ever sell his truck for that 4500 dollars, let alone the trade in value he will receive. Everyone who wanted to participate, had not had enough time to get their deal done. I hope they bring the program back out of supension.

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