Chrysler Offers Clunker-Like Incentives In Canada

Chrysler Group LLC is moving its "cash for clunkers" incentive blitz to Canada by offering another $500 to $1,000 to consumers who trade in their vehicles and buy new.

The auto maker is hoping to score a similar selling success as it has in the U.S. after offering to match the $3,500 to $4,500 rebate consumers received when they turned in their older cars under the clunkers program.

The U.S. federal government now intends to end the program Monday to ensure there is enough money to cover the rebates handed out by dealers.

As of Friday morning, U.S. dealers had sold 489,269 vehicles under the program through rebates totaling $2.04 billion. Some industry analysts expect as much as 750,000 new vehicles to be sold once the final tabulation is made.

Canada's government is sponsoring the "retire your ride" program aimed at reducing the number of older vehicles on the road. About 13,000 Canadians have taken advantage of the program.