In July and August 2009, the federal government has implemented Consumer Assistance for Recycling and Save (CARS) program, or “Cash for Clunkers”, a temporary vehicle retirement program offered consumers a monetary credit ($ 3,500 or $ 4,500) to trade in an older car for a new, more fuel efficient one.

The National Highway Traffic Safety Administration (NHTSA) was responsible for managing the program, GAO was required to review the program’s administration.

This report examines (a) what is known to date about the extent to which the CARS program was designed, (2) as stakeholders’ experience was with the CARS program, and (3) how the CARS program will compared with other selected domestic and international vehicle retirement programs. Tables and figures.

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Entry Filed under: New government reports. Tags: auto industry, cars, cars, cash for clunkers, with the help recycle and save the economy, Gao, General Accounting Office, highway traffic safety administration, NHTSA, stimulus.

Auto Industry: Lessons Learned from Cash for Clunkers Program by A. Nicole Clowes (Paperback, 43 pages, 2010, $ 25)