Auto Industry: Lessons Learned from Cash for Clunkers Program

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Our Price: $25.00

By A. Nicole Clowers
Year: 2010
Pages: 43
Binding Paperback
ISBN 1-4379-3297-5

Product Code: 1437932975

Description

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.

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