Published By Department of Transportation
Issued about 9 years ago
US
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Summary
Description
The Car Allowance Rebate System (CARS), otherwise known as Cash for Clunkers, was a program intended to provide economic incentives to United States residents to purchase a new and more fuel efficient vehicle when trading in a less full efficient vehicle. The program was promoted as providing stimulus to the economy by boosting auto sales, while putting safer, cleaner and more fuel efficient vehicles on the road.