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.










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.