Cash for clunkers chaos tests government aid
The Car Allowance Rebate System drew far more buyers than expected, exhausting the initial $1 billion and straining dealer cash flow. A clunky federal web site delayed rebates of up to 4500 dollars, leaving dealers facing long processing times and uncertain reimbursements. While officials promised more funding, confusion persisted as lawmakers debated replenishing the program and dealers chased delayed payments.
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National Automobile Dealers Association
McEleney
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Saginaw, Mich
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