Seven Associations Oppose “Cash for Clunkers” Program
Submitted by Auto Restoration 101 Blog
Associations oppose ‘Cash for Clunkers’ program
Seven trade associations representing the automotive aftermarket are opposing inclusion of a “Cash for Clunkers” program within the economic stimulus plan currently being considered in Washington, D.C.
According to the Specialty Equipment Market Association (SEMA), Cash for Clunkers would use taxpayer dollars to purchase and crush older vehicles into blocks of scrap metal. “There is no evidence that the program will achieve the stated goal of boosting new car sales.”
In a show of solidarity, the seven groups submitted a joint letter to the U.S. Congress urging lawmakers to reject a program that “for no proven value would do significant harm to the automotive aftermarket,” a $285 billion industry that employs approximately 4.5 million Americans in all 50 states.
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