Cash for clunkers program
I think this kind of method has been used at my country.It called ‘exchange for new local cars’. Exchange 10 years old car and get rebate to buy a new local cars. But in US, it called cash for clunkers program . The program really succesfull.The government’s program drew car and truck buyers back to American showrooms last month, making July the best month for auto sales in nearly a year and offering powerful evidence that the rebates were working as senators debate whether to continue them.
Some of the biggest gains during July were posted by small foreign carmakers such as Subaru, Hyundai and Kia, whose sales jumped 34%, 22% and 9%, respectively. Hyundai in particular was well prepared for the program from a marketing standpoint, having encouraged dealers to accept qualifying trade-ins nearly two weeks before the U.S. Department of Transportation launched its official cash-for-clunkers website.
Tags: cash for clunkers, US program