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“Cash For Clunkers” Program Possible From Congress

May 29, 2009

The national media are reporting that Congress is considering two “Cash for Clunkers” Bills aimed at helping dealers improve sales. The first Bill, sponsored by Representative Betty Sutton (D-OH), would limit the vouchers to new cars or trucks that have been assembled in North America. A second Bill, sponsored by Representative Steve Israel (D-NY) and nine other representatives, lacks any requirement that a vehicle be built in North America.Supporters of each Bill are working toward a compromise. But even if a Bill is passed in the next several weeks, it is unlikely that the Program would be rolled out before the fall.NJ CAR will continue tracking this issue and keep all dealers informed of any developments.