Latest Cars Reviews Blog: SEMA rallys against Cash For Clunkers legislation

Filed under: Time Warp, Government/Legal, Green

We're sure that House Speaker Nancy Pelosi (D-CA) has nothing but the best intentions with her controversial "Cash for Clunkers" program, which would offer financial rewards to individuals who turn in their older cars to get crushed. It's true that environmental standards get tougher each year, so new cars are vastly more eco-friendly than those sold just a few years ago. Regardless, the backlash from classic car aficionados has already begun, and at least one heavy-hitter is putting its considerable weight behind blocking the legislation. SEMA has called on its members to write or call their Representatives, urging them to vote against the plan, arguing that classics will be destroyed and a ready supply of hard to find parts would be eliminated.

It seems unlikely that anyone who owns a vehicle of any value would hand it over to the government to crush, especially since the program couldn't offer enough cash to purchase a new car outright. So, the question of whether or not to support Pelosi's program may hinge on the future value of cars that are currently considered worthless. In other words, how much is that mint '86 Ford Taurus likely to be worth in 20 years? Perhaps a compromise of some sort can be reached that would seek to save historically significant machines from the great junkyard in the sky. Check out the full releae from SEMA after the break.

[Source SEMA via AutoblogGreen]

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SEMA rallys against Cash For Clunkers legislation originally appeared on Autoblog on Wed, 31 Dec 2008 13:27:00 EST. Please see our terms for use of feeds.

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