Stripped! Crushed! How the Clunkers Program Works

Tuesday, August 04, 2009

U.S. auto sales soared in July. Auto analysts like The Takeaway's guest Tom Libby, a Detroit-based independent auto analyst, say the government’s Cash for Clunkers program is giving a big push to the numbers. The program, which gives people $4,500 to buy a new car when they trade in their rusted hulks, blew through a billion dollars in its first week. Now the Senate is deciding whether to allocate another $2 billion to the program. The House already agreed to the re-up. So what happens to the cars when you trade them in? And are dealers really making a mint? The Takeaway talks to Brian Willian, sales manager for the Albany Honda dealer in Albany, Georgia, and J.C. Cox, owner of an auto salvage business in Moultrie, Georgia, to find out the cradle-to-the-grave of Cash for Clunkers.

Guests:

JC Cox, Tom Libby and Brian Willian

Hosted by:

Amy Holmes

Contributors:

Jen Poyant

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.