Toyota Makes The Most Of Cash-For-Clunkers

As the dust settles on the US car scrappage scheme, or 'cash-for-clunkers', data from the US Department of Transport show that it was largely successful in stimulating new vehicle sales. Of the US$3bn allocated to the scheme by the government, dealers submitted applications for rebates worth US$2.88bn from sales of 690,114 vehicles. Administration costs are still to be calculated.

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