NY dealers pull out of clunkers program
Looks like Cash for Clunkers is itself a clunker. As with so many things, the devil is always in the details--in this case the detail is that dealers aren't in a position to be waiting on government rebate checks for very long.Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.
The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates. They're also worried about getting repaid.