Economists see little impact from U.S. "cash for clunkers" program

07/15/2009 | Reuters

The U.S. program to give buyers as much as $4,500 to buy a new vehicle and junk an old one is not likely to give sales much more than a brief boost, economists said. They blamed the many restrictions of the "cash for clunkers" plan as well as its short life, with the program ending Nov. 1. "It's a very small number of people that this plan will end up helping," said Mark Vitner, a senior economists at Wachovia.

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