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Archive for the ‘Aftermarket’ Category

Cash For Clunkers: Mechanics, Aftermarket Already Hurting?

By Bengt Halvorson's avatar Bengt HalvorsonBengt Halvorson, August 7th, 2009

Cash For Clunkers: Mechanics, Aftermarket Already Hurting?

We've heard a lot about the positives of the Cash-for-Clunkers program in recent days. It gets gas-guzzling vehicles off the road in favor of more fuel-efficient, potentially safer ones, and has brought business back to blighted dealerships and auto malls.

In an immediate sense, it looks good, right?

But many sour sides might be starting to emerge, just as the program—officially known as the Car Allowance Rebate System (CARS)—was today given a second wind in the form of a $2 billion extension. We've seen several reports in recent days, including this one from the Reno Gazette-Journal, that the program is hurting the business of both...

We've heard a lot about the positives of the Cash-for-Clunkers program in recent days. It gets gas-guzzling vehicles off the road in favor of more fuel-efficient, potentially safer ones, and has brought business back to blighted dealerships and auto malls. In an immediate sense, it looks good, right? But many sour sides might be starting to emerge, just as the program—officially known as the Car Allowance Rebate System (CARS)—was today given a second wind in the form of a $2 billion extension. We've seen several reports in recent days, including this one from the Reno Gazette-Journal, that the program is hurting the business of both... Read More

Tags: mechanics, cash for clunkers, used cars, Aftermarket, Commentary