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‘Clunkers’ binge may leave a serious hangover
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| Contributor | kal |
| Last Edited | kal Aug 24, 2009 08:41pm |
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| Category | General |
| News Date | Tuesday, August 25, 2009 02:40:00 AM UTC0:0 |
| Description | Now comes the hard part for the auto industry — luring customers without big Cash for Clunkers discounts.
The popular government rebates gave auto sales a jolt, but it was only temporary. Now car makers and dealerships are forced once again to confront the worst market in a quarter-century.
While Cash for Clunkers may have proved there are still car buyers out there, it is unlikely the heavy demand will last. In fact, the big rush to car lots this month may have had the unintended effect of stealing sales from this fall and next year.
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