What I find amazing is the timing for the government canceling the program, it seems very sudden. Earlier this week it was anounced that the program was doing so well that manufacturers, including Ford and GM were ramping up production to meet demand.
All week I've been seeing more and more TV commercials from almost every manufacturer saying you can purchase or lease a new model under the Cash For Clunkers. And now they're pulling the plug? Just over 72 hours left to get your deal done. Will dealers be open on Sunday to take advantage of this?
Let's not forget that dealers have been pulling out of the program because of concerns about being paid for deals already in the pipeline. I went to a local Jeep/Chrysler dealer on Tuesday and was told they're no longer in the program.
Let's not forget that dealers have been pulling out of the program because of concerns about being paid for deals already in the pipeline. I went to a local Jeep/Chrysler dealer on Tuesday and was told they're no longer in the program.
I was a wild ride while it lasted and we'll see in a few months how good it was overall, but from my perspective I'd say it has to be the best spent stimulus money so far.
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