It has been over a month since the Car Allowance Rebate System (CARS) program– popularized as Cash for Clunkers– ended, but dealers are apparently still recovering from all of the heavy car sales partying.

According to some dealers, Cash for Clunkers wiped out their lot inventories, leaving bare pickings for the fall.  General Motors, Ford, and Chrysler have reportedly seen a inventories at a 25-year low.

However, even some hangovers have their silver (or emerald) linings.  CARS brought potential buyers to lots to see new models that are in the pipeline.  And, though the ultimate economic effect of the program is under debate, it may have organically changed what Americans drive.  The average mpg of cars sold in August averaged 23 mpg, reportedly up 8% from the August 2008.   

Related Resources:

  • Cash for Clunkers leaves car dealerships rattling (NorthernStar.info)
  • August U.S. Light-Vehicle Sales Hit Highest MPG Since $4 Gasoline (GreenCarReports.com)
  • U.S. Sales May Rise as GM, Toyota See End to ‘Clunkers’ Letdown (Bloomberg)
  • Auto Sales Fall Back as Clunker Program Ends (New York Times)
  • Cash for Clunkers: Cash Due to Dealers September 30 (FindLaw’s Free Enterprise)
  • Where’s the Cash, for the Clunkers? (FindLaw’s Free Enterprise)

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