Under the CARS program, consumers will receive up to $4,500 in credit toward the purchase of new, more fuel efficient vehicles if their trade-in vehicles meet strict eligibility guidelines. The CARS Act requires that participating dealers must arrange for the trade-in vehicles to be crushed or shredded. They may not be sold as used-cars.
"The CARS program could result in up to 250,000 late model vehicles being traded in for new automobiles," said Lenny Damron, Vice President of Operations - Self Service Division. "Automobile dealers will need to ensure that the trade-in vehicles they accept are disposed of properly by having them crushed or shredded. LKQ has the facilities and process in place to guarantee the proper recycling of the vehicles."
LKQ's footprint of Self Service and Full Service vehicle recycling locations in many markets across the U.S. can provide disposal services to participating automobile dealers. Auto dealers should call the LKQ Program Vehicle Center to locate the nearest LKQ location.