A downside to cash for clunkers
Used car dealers, auction owners feeling pinch from trade-in incentive
Posted: August 8, 2009 at 7:26 a.m.
Dennis Bergthold, the owner of 2 B's Auto Sales in Siloam Springs, stood in front of a sign he put up yesterday in front of his car lot. The 'Cash for Clunkers' promotion is helping new auto dealerships but is also hurting the used-car dealers by drying up their supply pipeline.
It's difficult to get through a radio spot, a television commercial break or a newspaper section without hearing or seeing the words "cash for clunkers" these days.
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News, Pages 1, 9 on 08/08/2009
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