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Cars Blog

Cash for Clunkers a jolt for car sales, not a fix

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August 25, 2009 9:01 am
By Peter C. T. Elsworth

WASHINGTON -- Now comes the hard part for the auto industry - luring customers without big Cash for Clunkers discounts, according to The Associated Press.

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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