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age 56 in Chapter 3: The government program called CARS Car Allowance Rebate System (Cash for Clunkers) in which the government provided rebates of up

age 56 in Chapter 3: The government program called CARS Car Allowance Rebate System ("Cash for Clunkers") in which the government provided rebates of up to $4500 to consumers who traded in their older cars for more fuel efficient ones, is said to have failed since It did not increase demand for more fuel efficient cars, and so did not benefit the auto industry It was mostly older and more affluent consumers who traded up, younger and less affluent consumers continued to drive older, less fuel efficient cars Repair shops such as Pep Boys suffered since number of older cars was reduced All of the rest

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