Cash for clunkers program to bring in Pennsylvania car buyers
Chrysler LLC, fresh out of bankruptcy, is seeking to jumpstart sales by doubling the money that consumers can save when they participate in a new government program to encourage trade-ins of gas-guzzling cars.
The extra push may be enough to convince cautious consumers who already are expressing interest in the federal program to buy a car and boost the struggling auto industry.
The Car Allowance Rebate System, popularly known as “Cash for Clunkers,” will provide a federal rebate of up to $4,500 on the purchase of a new vehicle with a combined EPA city-highway average of at least 22 mpg. To qualify, the buyer must bring in a car that gets 18 mpg or less. The $1 billion program was passed by Congress last month.
Now Chrysler says it will match the government’s rebate for buyers of select vehicles, for a combined price reduction of up to $9,000.
Pennsylvania News and Topics.Politics,Sports,Entertaiment,and Other Pennsylvania Headlines
