31Jul/090
Cash for clunkers brings in the customers
According to a report in MSNBC, the government's scheme of giving cash for clunkers or old cars is bearing fruit in that people are exchanging their beaten down and old vehicles thanks to the discounted price offered by dealers. The fact that new cars come with warranties and even extended warranties in some cases, new car owners are getting good deals.
This will not only spur vehicle sales and help revive the economy but also help in cleaning up the air and reducing gas consumption as newer cars are more fuel efficient. While people are picking up all kinds of cars, the maximum discount they are getting is from Hyundai who is matching the government's offer in a bid to boost sales.
[Via: globalmotors]