Cash for Clunkers Program Brings Scrap Yards to Life; Mechanics See Fewer Repairs
Consumers are trading in their gas-guzzling clunkers for new, more fuel efficient cars in record numbers and are breathing new life into the struggling auto industry. Another benefactor of the program are the nation's scrap yards.
Some scrap yard owners are on pace to meet their 2008 totals for vehicles purchased in just weeks, and because of the sudden boom in business, laid-off employees are even getting called back to work.
But, as one industry thrives, another finds itself struggling. As consumers cash in their beaten up vehicles for new ones under warranties and without any problems, mechanics are finding themselves with fewer repairs.
Mechanics don't just lose one repair when someone trades in an older vehicle, they also generally lose that customer's business for a few year while the car is under warranty.
Those are just some of the immediate effects of the government's CARS program.

















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CARS
If you’re interested CNBC has put together a slideshow which lists the most popular trade-ins and new vehicles purchased under the CARS program. You can check it out here: http://bit.ly/18hGVt
Thanks!
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