Report: Cash for Clunkers Binge Brings September Hangover for Auto Indsutry

Report: Cash for Clunkers Binge Brings September Hangover for Auto Indsutry
Share this Article
As expected, auto industry sales were way down for the month of September, after record highs posted during the previous month with the Cash for Clunkers program in effect. Compared to September of 2008, GM’s sales declined 45 percent, while Chrysler dropped 42 percent. Ford’s posted just a modest 5 percent loss due in part… Continue Reading...

Report: New Cash for Clunkers Results List Two Trucks Amongst Most Popular Purchases

Report: New Cash for Clunkers Results List Two Trucks Amongst Most Popular Purchases
Share this Article
When the U.S. government first released its list of the most popular Cash for Clunkers vehicles traded in as well as those purchased there seemed to be no surprises. It looked like consumers were getting rid of their Ford Explorers for Priuses. But after taking a longer look at the data, it seems that might… Continue Reading...

Report: Cash for Clunkers Boosts August Auto Sales

1
Report: Cash for Clunkers Boosts August Auto Sales
Share this Article
The U.S. auto industry showed continued improvement in the month of August, helped on by the Obama Administration’s Cash for Clunkers program. Ford was once again a big winner as sales increased 17.2 percent over last August, a significant improvement over the 2.4 percent growth in July – which was thought to be good at… Continue Reading...

Report: Toyota Corolla Tops Cash-for-Clunkers Purchase List

Report: Toyota Corolla Tops Cash-for-Clunkers Purchase List
Share this Article
With the Cash-for-Clunkers program officially ending last night, the U.S. Department of Transportation has now released its top 10 list of the most purchased vehicles under the program, with the most popular car purchased being the Toyota Corolla. Toyotas actually took three of the top 10 spots, with the Camry placing third and the new… Continue Reading...

Report: Fords Fill Five of Top 10 Spots on Clunkers List

Report: Fords Fill Five of Top 10 Spots on Clunkers List
Share this Article
The four-wheel-drive Ford Explorer topped the list of clunkers traded in under the Car Allowance Rebate System. Ford vehicles appeared five times on the Cash for Clunkers top ten trade-in vehicles list released by the U.S. Department of Transportation. The four-wheel-drive Explorer was number one with the two-wheel-drive version at number four. The Ford F150… Continue Reading...

Report: Cash for Clunkers Program Results in 690,114 Deals Worth $2.88 Billion

Report: Cash for Clunkers Program Results in 690,114 Deals Worth $2.88 Billion
Share this Article
The Cash for Clunkers program has come to an end and its impact can now be evaluated. According to U.S. Department of Transportation, dealers submitted 690,114 transactions under the Car Allowance Rebate System (CARS), more commonly known as Cash-for-Clunkers. Those rebate applications account for $2.877 billion out of the $3 billion approved by Congress. That… Continue Reading...

Report: Cash for Clunkers Program Ends Monday

1
Report: Cash for Clunkers Program Ends Monday
Share this Article
Car owners hoping to take advantage of the “cash for clunkers” incentive program will have to do it by this Monday (Aug. 21) at 8 p.m., as the Obama Administration shuts down the popular program. U.S. Transportation Secretary Ray LaHood said the Car Allowance Rebate System (CARS), offering incentives for trade-ins, should have enough funding… Continue Reading...

Report: Cash-for-Clunkers Out of Cash Again

1
Report: Cash-for-Clunkers Out of Cash Again
Share this Article
The National Automobile Dealers Association (NADA) has asked the U.S. government to suspend the Cash-for-Clunkers program immediately as it believes the $3 billion in earmarked funds have already been used up. NADA Chairman John McEleney told Automotive News that based on a survey of its dealers it believes the $3 billion in funding could be… Continue Reading...

Report: Obama Signs $2 Billion Cash-for-Clunkers Extension

Report: Obama Signs $2 Billion Cash-for-Clunkers Extension
Share this Article
A week after reports that the original $1 billion allocated for the Cash-for-Clunkers program was running low, President Obama today signed into law an additional $2 billion that will keep the program running and fuel a rebounding auto industry. In just two weeks since the original bill was passed the Cash-for-Clunkers or CARS (Car Allowance… Continue Reading...

Audi Offers $1,000 Off Models That Meet Cash-for-Clunkers Rebate Requirements

Audi Offers $1,000 Off Models That Meet Cash-for-Clunkers Rebate Requirements
Share this Article
Audi will offer an additional $1,000 off any vehicle that also meets the requirements for a Cash-for-Clunkers rebate. This means customers could save up to $5,500 off the price of a new Audi. Eligible vehicles for the CARS (Car Allowance Rebate System) rebate include hatchbacks, sedans, convertibles, crossovers and even sports cars. Notable models include… Continue Reading...

Ford Posts Surprising Sales Gain of 2% In July

Ford Posts Surprising Sales Gain of 2% In July
Share this Article
With the current state of affairs in the auto industry, smaller than expected losses have been cause to celebrate, so imagine the party the folks over at Ford must be having right now as the company announced today that it actually posted a sales gain. Last month Ford’s 10 percent loss was seen as a… Continue Reading...

Report: Nissan Improves Fuel Economy To Attract Cash-for-Clunkers Buyers

Report: Nissan Improves Fuel Economy To Attract Cash-for-Clunkers Buyers
Share this Article
With the U.S. government’s Cash-for-Clunkers rebate now available, Nissan is improving the fuel-economy of its cars to increase the chances that you’ll qualify for the full $4,500 at one of its dealerships. The CARS (Car Allowance Rebate System) program works by giving a $3,500 or $4,500 voucher towards a new car when it gets 4… Continue Reading...

Breaking: Cash-for-Clunkers Program to be Suspended as Funding Dries Up

Breaking: Cash-for-Clunkers Program to be Suspended as Funding Dries Up
Share this Article
  If you’ve been trying to decide whether or not to trade in your gas guzzler on a new fuel-efficient model and cash in on the government’s $4,500 CARS rebate, you’ve waited too long. The program, funded with 1 billion dollars of tax payers’ money is already running low – just six days after the… Continue Reading...

Report: Cash-for-Clunkers Trades Account for 7% of Hyundai Sales in First Week

2
Report: Cash-for-Clunkers Trades Account for 7% of Hyundai Sales in First Week
Share this Article
Hyundai is the first automaker to start accepting trade-ins under the pending Cash-for-Clunkers legislation, and during the first week of trade-ins CARS (Car Allowance Rebate System) rebates have accounted for seven percent of all sales for Hyundai Motor America. While the Cash-for-Clunkers incentives have yet to be finalized by the U.S. government, automakers have been… Continue Reading...

President Obama Signs Cash For Guzzlers

President Obama Signs Cash For Guzzlers
Share this Article
After passing through both the Senate and the House, the Cash-for-Guzzlers bill has been signed by President Obama. Known also as Cash-for-Clunkers, the official name of the legislation is CARS – the Car Allowance Rebate System. Vehicles that are traded in must get 18 mpg or worse and be newer than 25 years old. For… Continue Reading...