"Cash for Clunkers" required you to be a new car I'm pretty sure. The problem is that there are huge amount of used cars now, and way more used cars are coming

"Cash for Clunkers" required you to be a new car I'm pretty sure. The problem is that there are huge amount of used cars now, and way more used cars are coming of leases. Don't expect to get much more for your old car for a while. At the same time some Automakers have access vehicles on the logistical trail that dealers don't want to take on, as they are already have to many cars. The Auto industry is gone run into big issues going forward. They are like banks and their assets are plummeting in value, specially the resale value of all those ICE cars.