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

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

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Report: Cash for Clunkers Program Ends Monday
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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

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Report: Cash-for-Clunkers Out of Cash Again
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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...
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