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Wednesday, March 10, 2010

Cash for Clunkers impact - 3/10/10 - Toledo News - 13abc.com


As reported by 13ABC News, the "Cash for Clunkers" program was quite successful in Toledo, Ohio.

Cash for Clunkers impact - 3/10/10 - Toledo News - 13abc.com: "That study was conducted by Maritz Automotive Research Group in Toledo. It surveyed 36,000 new car or truck buyers in August and July and found only 4 percent of participants in the cars program would have still bought or leased a vehicle without the incentive, 58 percent were trading in vehicles they originally bought used, and nearly 50 percent of all trade-ins were more than 10 years old.

Cash for Clunkers also created jobs. According to the Center for Automotive Research in Ann Arbor, the cars program added 40,200 new jobs, including 11,000 in Michigan and Ohio."

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