Cash for Clunkers & the Auto Industry : Background, Lessons & Results
Book Details
Format
Hardback or Cased Book
ISBN-10
1617289183
ISBN-13
9781617289187
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Mar 19th, 2011
Print length
154 Pages
Weight
472 grams
Dimensions
15.80 x 23.60 x 1.40 cms
Product Classification:
Business & management
Ksh 25,900.00
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0 in stock
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Quality
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In an attempt to boost sagging U.S. auto sales and to promote higher vehicle fuel economy, the President signed legislation on June 24, 2009, establishing a program to provide rebates to prospective purchasers toward the purchase of new, fuel-efficient vehicles, provided the trade-in vehicles are scrapped. The program was known as Consumer Assistance to Recycle and Save (CARS), or informally, as "cash for clunkers". CARS ran for a month and during this period, 700,000 vehicles were traded. Estimates of new vehicle sales induced by the rebate system range from 125,000 to as many as 440,000. This book outlines the key provisions of the CARS program and discusses the impact of the program on the economy and summarises similar programs in other industrial countries.
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