Feb. 1, 2010--The National Highway and Traffic Safety Administration (NHTSA) issued a ruling allowing automotive recyclers to crush or shred vehicles traded in under the Consumer Assistance to Recycle and Save (CARS) program—also known as the “Cash for Clunkers” program—for an additional 90 days.
The additional processing time allows the Cash for Clunkers program stimulus effects to continue, according to Michael Wilson, Automotive Recyclers Association executive vice president.
The NHTSA ruling says the additional time will allow the public to benefit from the availability of lower-cost used vehicle parts from vehicles traded in under the CARS program. It will also provide disposal facilities with an opportunity to derive more revenue from those vehicles prior to crushing or shredding.
“By providing the consumer increased access to economical ‘green’ recycled automotive parts harvested from vehicles that were traded in under the program, consumers will benefit along with the businesses that sell those parts. Without this extension, some cars with quality parts might have been crushed in order to meet the original deadline,” Wilson said.
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