DOT needs to start another ‘cash for clunkers’ program | Auto Finance News

A worker wearing a protective face mask checks a painted body shell on the production line inside the Mercedes-Benz AG automobile plant, operated by Daimler AG, in Kecskemet, Hungary, on Thursday, May 7, 2020. Photographer: Akos Stiller/Bloomberg

At the height of the credit crisis, the federal government introduced a program to save the auto industry. The program was called Cash for Clunkers – officially the Car Allowance Rebate System – and, in my opinion, it worked. The U.S. automotive economy needs another such program to provide a boost in sales. Now. Back […]