blog： Government to end popular program Monday
Posted by admin on Sep 8, 2009 in Government |
That’s due to a bottleneck of unprocessed applications. The Department of Transportation has recorded about 457,000 dealer transactions worth about $1.9 billion in rebates. But the administration official, speaking to reporters, said the department has reviewed just under 40% of the applications for rebates in its system. About 170,000 applications have actually been processed and many of those are incomplete, which means dealers will have to resubmit them.
In addition, the government has only paid out about $145 million in rebates to dealers so far. Since the program went into effect in July, dealers have complained about its bureaucracy and that the delay in reimbursements is causing liquidity problems for the dealers.
