NADA Applauds Progress of Cash-for-Clunkers Legislation

WASHINGTON, May 19, 2009 The National Automobile Dealers Association issued the following statement of support from David Regan, NADA vice president for legislative affairs, following the passage of the cash-for-clunkers amendment, sponsored by Rep. Betty Sutton (D-Ohio), during the markup of H.R. 2454, the American Clean Energy and Security Act:

"NADA congratulates Rep. Sutton and the House Energy and Commerce Committee on their success in advancing a cash-for-clunkers amendment on the climate change bill. A successful fleet modernization program will provide significant economic and environmental benefits to the nation.

"NADA will now work with both House and Senate leadership to refine the program in order to maximize consumer demand and stimulate new vehicle sales. A cash-for-clunkers program gets gas-guzzlers off the road and replaces them with more fuel economical vehicles. This will help boost auto sales which, in turn, will help revive the overall economy."