Saturday, January 2, 2010

Clunker Program Failed to Boost Valley Cities' Revenue - News - Fresnobee

Cash for Clunkers wasn't a boon for sales-tax revenues, said Mark Rapin, president of the Fresno-Clovis New Car Dealers Association and vice president of Freedom Ford in Fresno, because many new vehicles sold during the July and August program were smaller and more energy-efficient -- and less expensive.

To reap sales tax dollars, "the dealers had to sell two or three times as many [of the smaller vehicles] compared with prior years," when more expensive vehicles such as large pickups and luxury vehicles were targeted by buyers, he said - News - Fresnobee read more

How's this working in your community ?

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