LAST AUTO NEWS – FEDS: ALL ELIGIBLE CLUNKERS CLAIMS HAVE BEEN PAID
Last Auto Account –
It’s over. The government has action the endure Cash for Clunkers application, and in a lot of cases, the checks are in the mail to dealerships.
Automobile Magazine reports, “According to the U.S. Department of Transportation, about 98 percent of all abatement submissions for its Car Allowance Abatement System (or “Cash for Clunkers”) acquire been accustomed for payment.” Dealers, the DOT says, should acquire transaction by September 30.
The endure two percent, according to Automotive News, acquire been beatific aback to dealerships for clarification. Department of Transportation advisers “will plan with dealers to advice them actual and re-file break submitted applications.”
The final account is impressive. Automobile reports, “In total, 681,426 abatement claims were submitted. Thus far, all but 14,834 submissions acquire been accounted as complete and valid. At this point, abatement payments will absolute about $2.9 billion, falling just abbreviate of the allotted $3 billion budget.”
Auto dealers, however, are still recovering. After an acute August if abounding bankrupt sales records, dealerships acquire faced a quiet September with few customers. Those who are in the bazaar post-Clunkers may acquisition it simple to accommodate a fair accord this month.
If you’re in the bazaar for a new car, analysis out the U.S. Account rankings of this year’s best cars as able-bodied as this month’s best car deals.
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