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Aug 19, 2009 by Mark MaierBIGresearch released it's latest reports on consumer intentions, among the interesting information was that consumer confidence and spending continues to inch forward and the Cash for Clunkers program continues to gain traction....
"What about the much-talked-about "Cash for Clunkers" initiative? This month, two in five consumers (41.5%) indicated that the program is good for economic recovery, 37.6% were certain it wouldn't help the economy, while one-fifth (20.9%) was unsure. One in ten consumers (10.9%) says "Cash for Clunkers" will motivate a new car purchase, three in four (76.8%) won't trade in on the initiative, while 12.3% don't know yet. Younger consumers - those perhaps most likely in possession of a "clunker" - are more likely to take advantage of the initiative than those 35+:
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