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Russian cash for clunkers launches in March

Published: 12 January, 2010, 17:44
Edited: 13 January, 2010, 20:08


The government will launch the cash-for-clunkers program, targeted at boosting car sales, on the 8th of March, following a decision made the Monday's government meeting.

 
1 COMMENT
Mike January 13, 2010, 16:13 quote
0

I've always had a problem with Cash4Clunkers. To me it seems to go against simple supply and demand economics. How can we push all of these new cars into a market already saturated with used and repossessed vehicles (i.e. repofinder.com )? Now new cars are worth even less, we have more Americans in debt, and eventually more repossessions.

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