The National Highway and Traffic Safety Administration (NHTSA) has issued a ruling which now allows automotive recyclers an additional 90 days (for a total of 270 days) to crush or shred vehicles traded under the Consumer Assistance to Recycle and Save (CARS) program. This ruling amends the original CARS/Cash for Clunkers regulations from July 29, 2009.

Automotive Recyclers Association Executive Vice President Michael E. Wilson said of the ruling, "The additional processing time allows the 'Cash for Clunkers' program stimulus effects to continue. By providing additional access to economical 'green' recycled automotive parts harvested from vehicles traded in under the program, consumers will benefit along with the businesses that sell those parts... We are appreciative of the Agency's understanding and acknowledgement of the many consumer benefits that the professional automotive recycling industry provides."

When the NHTSA initiated an official agency-proposed rulemaking on November 27 of last year, the public was given 20 days to comment. ARA, along with many of their affiliate chapters and members, offered support for the proposed extension. NHTSA's final rule states, "the additional time will allow the public to benefit from the availability of lower-cost used vehicle parts from vehicles traded in under the CARS program and will provide disposal facilities with an opportunity to derive more revenue from those vehicles prior to crushing or shredding."

To read a complete copy of the final rule, click here.

Did You Know?

In Bidmate™, the Average Profit is calculated based on alternate vehicles where the body styles are the same.

	See Us At BAADA Trade Show & Dinner – Berkeley, CA February 24, 2010 Booth Verifact – Newport Beach, CA February 24-25, 2010 Booth Ohio Auto & Truck Recyclers Association – Sandusky, OH February 26-27, 2010 Booth & Jeff Schroder Speaking

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