August 22, 2009

Auto dealers seek ‘clunkers’ extension

U.S. car dealers say they need a deadline extension to file paperwork necessary for the expiring cash-for-clunkers program.

The National Automobile Dealers Association said in a statement Friday it has asked the National Highway Transportation Safety Administration to give dealers another week to submit the documents for the clunkers deals they've made, CNN reported.

The NHTSA has set a deadline of Monday night for dealers to file invoices for sales made under the program, which provides subsidies worth between $3,500 and $4,500 per vehicle. But the association said more time is needed.

This later deadline for submissions would help avoid computer slowdowns due to overwhelming demand, the statement from the dealers group read, indicating it is seeking an Aug. 31 deadline instead. NADA contends an extension would give dealers more flexibility and allow some of them to keep the program going through Monday night, the U.S. broadcaster said.

We stopped cash for clunkers (Thursday), Michelle Primm, managing partner at the Cascade Auto Group in Cuyahoga Falls, Ohio, told CNN. It's just too risky to take more customers at this point.