The U.S. Department of Transportation says that $37.7 million in CARS vouchers for either $3,500 or $4,500 each were requested in Colorado.
“This is good news for the consumers who got great deals and the dealers who had endured a very challenging market,” said Colorado Automobile Dealers Association President Tim Jackson. “It’s also good news for the environment, as the new vehicles will get better gas mileage and produce fewer emissions than the vehicles they replaced.”
Although the “cash for clunkers” program has ended, Jackson said consumers still can find good deals.
“If your trade-in vehicle is worth more than CARS’ $4,500 maximum credit, you weren’t a candidate for the program anyway,” he said. “But now the amount you’re likely to get for your trade in is high because new-car dealers need to fill their lots with used cars. Also, vehicles made before 1984 didn’t qualify for cash for clunkers so owners of those vehicles aren’t impacted by the end of the CARS program.”