Dealers await reimbursements for clunkers

By doris | Published: September 3, 2009

Full Story at CNN.com

But Londoff isn’t complaining.

The bigger picture, he said Tuesday, is that Johnny Londoff Chevrolet and other dealerships across the country sold almost 700,000 cars and trucks in a bad economy, thanks to the economic stimulus initiative.

“People sold through 90 or 120 days of inventory in 40 days,” Londoff said. “It gave us a June and July that none of us expected.”

He acknowledged that the government reimbursements are slow but added, “If you do this story in 30 days, the dealers will say, ‘Hey, I got my money.’ “

That’s what the government is promising, though the National Automobile Dealers Association remains skeptical.

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