News from a "NEW" :D (Cash for Clunkers Law)

[drifterer101]

Hey there! Charlz here! glad to be part of this community!

Did some of you guys heard this stuff:

The House approved a "cash for clunkers" bill that aims to boost new auto sales by allowing consumers to turn in their gas-guzzling cars and trucks for vouchers worth up to $4,500 toward more fuel-efficient vehicles. President Barack Obama has encouraged Congress to approve consumer incentives for new car purchases as part of the government's work to restructure General Motors and Chrysler. The House approved the bill 298-119.

What's your point of view about this issue? hmmm....:rolleyes:

Check complete details here: http://www.carnewsreport.org/ (http://www.carnewsreport.org/)

and feel free to drop a comment! Have a great day!

From a newbie "Me"

[The General]

Speaking of cash for clunkers, has anyone read up on the aftermath of this program? Sales are mega slumping and September 09 could be one of the worst months on record for new car sales ever!

How will car manufacturers react? Some even ramped up production to meet the demand recently... What will they do now with so many unsold new cars? OY! What a mess!

[Mat]

What did you expect... Cash for clunkers was so appealing. To go from that to almost nothing - I just wish they would think things through before they do something like that. Of course September could and will be one of the worst month ever sales wise.