New Government Report: Auto Industry: Lessons Learned from Clash for Clunkers Program
Auto Industry: Lessons Learned from Cash for Clunkers Program
by A. Nicole Clowers (Paperback, 43 pages, 2010, $25)
In July and August 2009, the federal government implemented the Consumer Assistance to Recycle and Save (CARS) program, or “Cash for Clunkers,” a temporary vehicle retirement program that offered consumers a monetary credit ($3,500 or $4,500) to trade in an older vehicle for a new, more fuel-efficient one.
The National Highway Traffic Safety Administration (NHTSA) was responsible for administering the program, and GAO was required to review the program’s administration.
This report examines (1) what is known to date about the extent to which the CARS program achieved its objectives; (2) what stakeholders’ experiences were with the CARS program; and (3) how the CARS program compares to other selected domestic and international vehicle retirement programs. Tables and figures.
Entry filed under: New Government Reports. Tags: auto industry, automobiles, cars, cash for clunkers, consumer assistance to recycle and save, economics, gao, general accounting office, government, national highway traffic safety administration, nhtsa, report, stimulus.