Australia launching ‘Cash For Clunkers’ modeled on U.S. program?

Filed under: Car Buying, Government/Legal, Australia

Australia’s recently seated prime minister, Julia Gillard, is just now talking about a “cash for clunkers’ program when most other countries ended theirs ages ago. Yet for Gillard, the program isn’t about stimulating car sales but rather about stimulating the Earth: Gillard wants to get about ten percent of Oz’s two million pre-1995 vehicles off the roads.

The mechanics of the program are largely the same as they were in the States, the new stipulation being that purchasers need to buy an “extra-efficient vehicle” like a Holden Cruze, Hyundai Getz or Toyota Camry Hybrid. The rebate is $AUS 2,000 – $1,790 Yankee bucks – and the program has been funded with $AUS 394 million (around $356M USD) and runs from January 1, 2011 until December 31, 2014.

[Source: The Australian]

Australia launching ‘Cash For Clunkers’ modeled on U.S. program? originally appeared on Autoblog on Mon, 26 Jul 2010 17:28:00 EST. Please see our terms for use of feeds.

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