Many people turned up empty-handed when they tried to turn in their clunkers this weekend. Car lots across the country are actually running out of vehicles to sell. Joining The Takeaway to talk about the government-funded Cash for Clunkers program is John McEleney
, a Chrysler dealer from Iowa and the chairman of the National Automobile Dealers Association.
We've seen inventories diminish rapidly because of the spike in new vehicle sales in the two weeks since the cash for clunkers took hold.
—Car dealer John McEleney