- Aug 14, 2009
Cash for Clunkers to allow reservation of popular models that run out
The first half of 2009 was so poor in terms of car sales that automakers had to shut down factories for weeks and even months at a time in order to keep inventory in check. Now that Cash for Clunkers put a jolt back into car sales towards the end of July, the same dealers who weren't ordering cars a couple months back are begging for more product to fulfill requests. Since nearly half of the $2.95 billion allotted for C4C is already accounted for, dealers were beginning to worry that they wouldn't be able to fully capitalize on the program because of vehicle shortages.
The Department of Transportation has now fixed that problem by amending C4C to allow customers to turn in their clunkers in exchange for a reservation on models that aren't in stock at their dealership. Popular models like the Ford Focus have been flying off the shelves so fast that the Blue Oval actually instituted mandatory overtime at it's Wayne, MI assembly plant, but the additional stock isn't hitting dealers fast enough. Now, customers looking for that certain vehicle can still get what they want, even if it takes a little longer to get behind the wheel.
[Source: Detroit Free Press]