The Oregon Biz Report - Business News from Oregon

August 20, 2009

The Congressional incentive plan Cash-for-Clunkers is running into serious problems across the country.  Hundreds of dealers in New York are giving up the program:

Breitbart reports, “Hundreds of auto dealers in the New York area have withdrawn from the government’s Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said ..about half its 425 members have left the program because they cannot afford to offer more rebates. They’re also worried about getting repaid.”(The government) needs to move the system forward and they need to start paying these dealers,” said Mark Schienberg, the group’s president. “This is a cash-dependent business.” Continue reading