Cash for Clunkers 2.0? Car industry will need incentives to help recovery, analysts tell Boom Bust
Cash for Clunkers 2.0? Car industry will need incentives to help recovery, analysts tell Boom Bust
Many auto majors are reopening their facilities after long shutdowns triggered by the coronavirus pandemic, but the demand for cars might not pick up as quickly as they hope amid a dire economic situation.
“Believe me, they want to sell cars and there's gonna be incentives to get these cars sold because people are gonna be getting check stimulus around the world. And they're hoping and praying that they are going to use that to purchase a vehicle,” auto industry expert Lauren Fix told RT's Boom Bust.
However, the $1,200 checks the US government provided as part of its massive program to keep the economy afloat are unlikely to be spent on a purchase like ...





