Stop Cash For Clunkers -- NOW asks Dealers
By Eric Reid
(Renaissance Realty Group of Keller Williams Atlanta Partners)
Dealers want the Clunkers program to be stopped immediately The cash-for-clunkers program, which was so popular that it ran out of the original $1 billion allocation in its very first week, received a $2 billion extension from the U.S. Senate recently. The Obama administration introduced the program to boost the auto industry and get inefficient vehicles off the road. Now the National Automobile Dealers Association (NADA) is urging the federal government to stop the program immediately. NADA says that the program's fund may run out sooner than later given the pace at which deals are being done. Dealers are worried that they may not get paid if the program runs out of cash. NADA has warned that dealers who participate in Clunkers deals "face a growing risk that they may not be reimburs...
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