Cash for Clunkers program losing steam

August 11, 2009 10:32:23 AM PDT
The excitement over the Cash for Clunkers program appears to be losing steam and new car sales might fall back to their sluggish levels of a few months ago.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7 News

Tracking by Edmunds.com shows car sales in the program have declined by 15 percent since it peaked on July 29th.

One analyst suggests many new car buyers adopted a "gold rush mentality" when they heard Cash for Clunkers was about to run out of money, and before the Senate approved additional funding for it.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments