The U.S. Transportation Department said today that it has approved all “eligible and complete” Cash for Clunkers claims from dealers. Secretary Ray LaHood said that leaves only 2 percent of all applications for dealers to resubmit. LaHood said that department employees will help dealers correct and re-file improperly submitted claims, reports Automotive News.
A total of 98 percent of all applications, or 664,818 claims for $2.8 billion, have been paid or approved for payment as of this morning. Of these 649,984 claims for $2.7 billion have been paid.
That leaves 14,834 submissions for a total of $61.6 million in claims that have not been paid.
– By: Stephen Calogera