Car Allowance Rebate System - CARS


Car Allowance Rebate System - CARS

A U.S. government program under the Obama administration that allowed individuals to trade in used vehicles that did not meet government-specified standards of fuel economy in exchange for a discount of either $3,500 or $4,500 off the purchase or five-plus-year lease of a newer, more fuel efficient vehicle. The program began on July 1, 2009, and ended shortly thereafter because it became so popular that funds quickly ran out.

Commonly known as "Cash for Clunkers," the program's stated purposes were to reduce air pollution, to stimulate consumer spending and to prop up struggling U.S. auto manufacturers (though the program did allow the purchase of foreign vehicles). Ultimately, consumers traded in as estimated 680,000 vehicles. Car dealers were required to crush or shred the trade-in vehicles.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Aide à l'acquisition des véhicules propres — L aide à l acquisition des véhicules propres est un programme français destiné à faciliter le remplacement de vieux véhicules, une sorte de « prime à la casse ». Il offre une prime de 1 000 euros pour les véhicules de plus de… …   Wikipédia en Français

  • Prime à la casse —  Cette page d’homonymie répertorie les articles traitant d un même sujet en fonction du pays ou de la juridiction. Le terme « prime à la casse » peut renvoyer à différents programmes mis en place pour faciliter l acquisition d une… …   Wikipédia en Français

  • Verschrottungsprämie — Eine Verschrottungsprämie ist eine staatliche finanzielle Entschädigung für das Verschrotten eines Kraftfahrzeugs. Sie wird in verschiedenen Staaten zu unterschiedlichen Bedingungen gewährt oder ist in der Einführungsphase. Zu den Bedingungen… …   Deutsch Wikipedia

  • Barack Obama — Barack and Obama redirect here. For other uses, see Barak (disambiguation) and Obama (disambiguation). For the Kenyan economist, President Obama s father, see Barack Obama, Sr …   Wikipedia

  • 111th United States Congress — United States Capitol (2007) Duration: January 3, 2009 – January 3, 2011 Senate President: Dick Cheney (R) …   Wikipedia

  • 111. Kongress der Vereinigten Staaten — Der 111. Kongress der Vereinigten Staaten ist die Legislative der Vereinigten Staaten, bestehend aus dem Repräsentantenhaus und dem Senat. Die Legislaturperiode des 111. Kongresses dauert vom 6. Januar 2009 bis zum… …   Deutsch Wikipedia

  • Август 2009 года — 1 августа Минобороны России обвинило Грузию в вооруженных провокациях на границе с Южной Осетией.[1] Власти Венесуэлы запретили вещание 34 частных радиостанций.[2] Скончалась бывший президент Филиппин Корасон Акино. В стране объявлен… …   Википедия

  • Australia — /aw strayl yeuh/, n. 1. a continent SE of Asia, between the Indian and the Pacific oceans. 18,438,824; 2,948,366 sq. mi. (7,636,270 sq. km). 2. Commonwealth of, a member of the Commonwealth of Nations, consisting of the federated states and… …   Universalium

  • Darrell Dexter — The Honourable Darrell Dexter MLA 27th Premier of Nova Scotia …   Wikipedia

  • Glossary of nautical terms — This is a glossary of nautical terms; some remain current, many date from the 17th 19th century. See also Wiktionary s nautical terms, Category:Nautical terms, and Nautical metaphors in English. Contents: A B C D E F G H I J K L M N O P Q R …   Wikipedia

  • Alaska — This article is about the U.S. state of Alaska. For other uses, see Alaska (disambiguation). Alaskan redirects here. For other uses, see Alaskan (disambiguation). State of Alaska …   Wikipedia