U.S. auto dealers today were grappling with the blessings and curses of the U.S. government's Car Allowance Rebate System, or CARS, program, better known as cash-for-clunkers.
A Thursday survey by the National Automobile Dealers Association of 2,000 dealers found evidence of a backlog of nearly 200,000 pending claims that, if filed, would probably deplete the program's $1 billion budget, an NADA spokesman said.
The program, which began processing dealer claims for reimbursement of $3,500 to $4,500 consumer credits on July 24, was supposed to continue through Nov. 1.
2009 Comicon Photo Gallery
2009 Frankfurt Auto Show Photo Gallery
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