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Like everywhere else on the planet, new car sales are down in Japan (17 percent versus 2008 levels, to be exact). And, like a number of other countries, Japan has decided to spur automobile sales by creating a cash-for-clunkers-style program at a cost of $3.7 billion. Unlike similar programs from ...
The U.S. Car Allowance Rebate System (a.k.a. 'cash-for-clunkers') program was a short-term boon for automakers participating in our market. Sales went up, inventory went down and nearly 700,000 vehicles that would likely have otherwise ended up on used car lots were destroyed. And since the U.S. ...