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Council of Economic Advisers, Executive Office of the President, Executive (1 - 1 of 1 item)
Auto Industry: Lessons Learned from Cash for Clunkers Program
GAO-10-486: Published: Apr 29, 2010. Publicly Released: Apr 29, 2010.
In July and August 2009, the federal government implemented the Consumer Assistance to Recycle and Save (CARS) program, or "Cash for Clunkers," a temporary vehicle retirement program that offered consumers a monetary credit ($3,500 or $4,500) to trade in an older vehicle for a new, more fuel-efficient one. The National Highway Traffic Safety Administration (NHTSA) was responsible for administering...