Economy

March 10, 2010

Study says 'Cash for clunkers' impact was underestimated

Search online for "Cash for Clunkers," and here's one thing you'll find: stories about its negligible overall impact on the economy. Wrong, says Maritz Automotive Research Group, which recently surveyed participants in last summer's federal program designed to stimulate new-car sales. One key finding: 90 percent of those participating in Cash for Clunkers would not otherwise have bought a new car.

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