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"Cash for Clunkers" Closes Out
By Ilya Leybovich
The "cash for clunkers" program came to a close last night. Here's a brief wrap-up on its perceived successes and shortcomings.
The federal government's Car Allowance Rebate System (CARS), widely known as "cash for clunkers," officially ended last night. While the incentive program gave a much-needed boost to sluggish auto sales, it has also raised questions about the possible effects of "cash for clunkers" further down the line.
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