Surge in clunker buys strains rebates program
The Car Allowance Rebate System paid buyers $3,500 or $4,500 to trade in old cars for newer, more fuel efficient models. Demand overwhelmed Web processing and dealers, prompting a $2 billion replenishment vote. About 40,000 sales were completed with as many as 200,000 more transactions in progress amid unclear postfunding steps. Senate action looms.
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Car rebate program boosts sales at Lewis dealerships
Garden City dealer Jim Lewis reports strong demand under the cash for clunkers plan, with about 25 cars sold across his four stores as rebates average around 4 200 dollars. He notes temporary concerns over suspending funds and credits the program with helping the local economy and safer, fuel efficient vehicles.
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