Canada Exploring $3,500 Cash-for-Clunkers Program
The Canadian government is currently examining if it will pass a cash-for-clunkers bill that could see consumers get up to $3,500 (CDN) towards a new car when they trade in their older and less fuel-efficient model.
Environment Minister Jim Prentice said a decision on the matter will be made within the next 60 days, as the government continues to be pressured by automakers. The government has also received added pressure after U.S. President Barack Obama signed off on a similar program last month that would see U.S. consumers get as much as $4,500 (USD) towards a new car when they trade in an old one with poor fuel economy.
Automakers are pressuring the government to help out in an effort to boost auto sales. Vehicle sales in Canada, however, are not suffering to the same extent that they are in the U.S. According to the Association of International Automobile Manufacturers of Canada (AIAMC), vehicle sales were down just 13.2 percent in June with year to date sales down 18.3 percent. Passenger vehicle sales were down 22.9 percent, while light duty truck sales were actually up 1.5 percent.
[Source: The Vancouver Sun]
With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.
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