Consumers Will Continue to Shop for New Car Prices as Cash for Clunkers Get a $2 Billion Boost

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The popularity of Cash for Clunkers resulted in the program being threatened with running out of money long before planned. However, President Obama signed legislation yesterday to add $2 billion more to the program so consumers can continue to shop for new car prices. NewCarPrices.net offers consumers a time saving solution to finding the lowest car prices.

Cash for Clunkers was so popular, consumers nearly sent the program into bankruptcy long before planned. In fact, car sales rose to their highest pace in 11 months in July. Now that President Obama has signed legislation slating another $2 billion for the program, consumers are expected to continue to shop for new car prices. NewCarPrices.net offers consumers a solution to finding the lowest car prices.

The Transportation Department said yesterday that it had received 245,384 dealer applications for reimbursement funds totaling $1.03 billion. With the program getting the extra funds needed, consumers are expected to continue to flock to showrooms to compare new car prices to find the best deals.

After passed by the House, the Senate voted 60-37 to extend the program – just in time before the recess. Obama then issued a statement calling the government initiative “a proven success” that will provide a “much-needed boost” to the economy.

Although dealers are seeing higher sales, they are well aware the economy is still struggling and consumers are still willing to spend time to compare new car prices. Consumers can utilize tools such as NewCarPrices.net to quickly and easily find the lowest car prices. The website provides information on every stage of buying a new car, from where to begin to purchasing a warranty.

About NewCarPrices.net:
NewCarPrices.net offers consumers information on every stage of buying a new car, from where to begin to purchasing a warranty. To learn more about NewCarPrices.net, please visit our website to contact an auto dealer.

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Marlene Brown

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