HOLLIS JARDINE hears that “cash for clunkers” could crash by early September.

Aug. 20, 2009 - PRLog -- With a last minute rush in the clunker programme expected by government as soon as a closing date is announced, HOLLIS JARDIN has learned from a Wall Street Journal article, panic deals are a real threat, with legislators hoping to avoid a situation where dealers agree to sales once the programs funds have dried up.

At present, the government gives customers a rebate of up to $4,500 when trading their older,inefficient gas guzzlers with limited mileage, for new fuel-sipping cars. After the initial $1 billion package was devoured faster than expected, Washington hastily added an additional $2 billion to extend the program, which showed results far better than expected, according to HOLLIS JARDIN research.

HOLLIS JARDIN can also confirm that while the programme was primarily aimed at reducing pollution, it had the knock-on effect of stimulating the stalled American auto industry and pushing up sales of locally made vehicles, an industry that saw company’s like Chrysler and GM collapse to the point where government had to step in with financial rescue programmes to prevent them from sinking completely.

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