BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Cash for Clunkers ends the rally in auto retailers]]>http://www.bloggingstocks.com/2009/08/24/cash-for-clunkers-ends-the-rally-in-auto-retailers/http://www.bloggingstocks.com/2009/08/24/cash-for-clunkers-ends-the-rally-in-auto-retailers/http://www.bloggingstocks.com/2009/08/24/cash-for-clunkers-ends-the-rally-in-auto-retailers/#commentsFiled under:

The U.S. Government's 'Cash for Clunkers' program ends today. It won't be clear for some time whether the program was successful or not in stimulating the auto industry but it was certainly popular with buyers. As the program ends, will the rally in auto retailing stocks also come to a close?

Interestingly, although the program runs through the end of business on today, some dealers stopped using the rebate program on Friday the 21st. For example, AutoNation, Inc. (NYSE: AN) is a publicly owned auto retailer that stopped offering the program to buyers on Friday. Perhaps management has concerns about the government being willing to pay the rebates on time.

Continue reading Cash for Clunkers ends the rally in auto retailers

Cash for Clunkers ends the rally in auto retailers originally appeared on BloggingStocks on Mon, 24 Aug 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>autoautonationclunkersinthenewssahSonic AutomotiveSonicAutomotiveMon, 24 Aug 2009 15:00:00 EST