On August 4th I wrote about the U.S. "Cash for Clunkers" program.
Read my post.I promised my readers a follow-up. On August 6th the U.S. Senate voted on:
- Senate Vote 270 - H.R.3435: On Passage of the Bill. A bill making supplemental appropriations for fiscal year 2009 for the Consumer Assistance to Recycle and Save Program.
In plain English the above is the "cash for clunkers" program. The bill carried by a vote of 60 to 37 and added $2 Billion USD to the existing (now depleted) fund. Dealers in the United States claim that 250,000 sales have been made using the rebate for the first $1 Billion USD. So, if that claim is correct, dealers can expect the progam to help sell another 500,000 cars.
Published statistics indicate 45% of cars being sold are from American manufactures and the improved mileage is approximately 9.6 miles per gallon.
