As predicted, the ‘Cash for Clunkers’ Julia Gillard initiative announced prior to the last election has finally crashed out of political contention. The Gillard Government announced today that it was to be abandoned due the the budgetry restraints imposed by the cost impositions from the Queensland flood disasters.

This is by no means unexpected as many criticised the initiative when it was first announced as being ineffective and a highly priced way of improving the environment.

From  Private Fleet’s point of view we did not support the scheme in the first place as we felt it did not give sufficient incentive for the new car buyer,  so we do not think our customers will be disadvantaged by its cancellation.