Cash for Clunkers Success

[Riot]

Originally Posted by dellinger63

Good question as you didn't post a link to wherever you read rebates were 40% complete (almost 2 weeks ago). I obviously don't read the same blogs because I never saw that. Maybe Huffington? Salon? If it came from the WH it obviously was mispeak.

Rarely go on Huffington, never Salon. Probably USAToday, CNN, Daily Beast, etc.

What does the amount of claims reported submitted and processed 2-3 weeks ago for the first portion of the program, have to do with the amount of claims submitted and processed well after that time, in the second half of the program after it was extended?

We'll have to see how long it takes them to pay off for this second part.

The main problem for car dealers is their usual banking loans for getting cars on the floor have dried up, creating a huge cashflow problem for them.