DOT Says Trucks and SUVs Big Sellers Under Cash for Clunkers Program
Sep 21, 2009
WASHINGTON September 21, 2009; Stephen Manning and Ken Thomas writing for the AP reported that pickup trucks and sport utility vehicles were big sellers under the Cash for Clunkers program despite the federal government's focus on replacing gas guzzlers with more fuel-efficient cars. Data released late last week by the ... Continue reading
National Auto Dealers Commend Transportation Secretary for Accelerating 'Cash for Clunkers' Payments
Sep 16, 2009
WASHINGTON, Sept. 16 /PRNewswire-USNewswire/ -- The National Automobile Dealers Association issued the following statement today: "NADA commends Transportation Secretary Ray LaHood for his hands-on approach overseeing the cash for clunkers program and helping to spark a revival in the economy's automotive sector. The c ... Continue reading
Cars Shopping Activity on Cars.com Continues to be Strong Post Cash for Clunkers
Sep 10, 2009
CHICAGO, Sept. 10 -- Despite an end to the Cash for Clunkers program, Cars.com reports site traffic and consumer contacts to dealers remain strong, bucking industry predictions that there would be a large decline in shopping activity following the program. While the Cash for Clunkers program was a boon for new car shop ... Continue reading
New Car Shortage (We Told You It Would Happen) is Good News For Industry
Sep 10, 2009
Washington DC September 10, 2009; The AIADA newsletter reported that after struggling with historically low auto sales for much of the past year, automakers are confronting a more-welcome problem: some of the lowest inventory levels in about three decades. According to the Detroit Free Press, with factories abuzz to re ... Continue reading
Car Sales Recover from Clunker Chaos; Edmunds.com Sees 8.9 Million SAAR in September
Sep 9, 2009
SANTA MONICA, Calif.--Edmunds.com, the premier online resource for automotive information, has determined that the SAAR (Seasonally Adjusted Annual Rate) for September to date is approximately 8.9 million. Of the vehicles sold so far this month, 3.6 percent are âhold-overâ Cash for Clunkers orders that are be ... Continue reading
AutoNation Car Dealers Restock after Clunker Plan's Success
Sep 4, 2009
Washington DC September 4, 2009; The AIADA newsletter reported that according to the Detroit Free Press, AutoNation Inc. said it will increase vehicle orders in the fourth quarter as it seeks to restock showroom floors emptied out during the Cash for Clunkers program. The Ft. Lauderdale, Fla.-based auto retailer said i ... Continue reading
US Ok's $500M to Dealers for 'Clunkers' So Far, Balance By September 30
Sep 4, 2009
Govt has paid dealers $500M for 'Clunkers'; Dealers should be reimbursed by Sept. 30 WASHINGTON September 3, 2009; Ken Thomas writing for the AP reported that the government has approved $500 million in reimbursements to car dealers for sales under the Cash for Clunkers program and dealers should be paid by late Septem ... Continue reading
Cash for Clunkers Boosts August 2009 Sales
Sep 2, 2009
The government's popular Car Allowance Rebate System, better known as Cash for Clunkers, is credited with driving sales through August, resulting in the first month-to-month increase since October 2007. âThese improved numbers are exactly what dealers hoped for from August. Cash for clunkers was an unparalleled su ... Continue reading
U.S. Consumer Spending Climbs on "Cash for Clunkers"
Aug 28, 2009
Washington DC Aug. 28, 2009; Shobhana Chandra writing for Bloomberg reported that consumer spending in the U.S. rose in July as households took advantage of the governmentâs âcash for clunkersâ program to buy new cars. The 0.2 percent gain in purchases was in line with forecasts and followed a 0.6 percen ... Continue reading
Final (Almost) C.A.R.S. Program Statistics From NHTSA
Aug 27, 2009
As of Wednesday, August 26th, 2009 Dealer Transactions Number Submitted: 690,114 Dollar Value: $2,877.9M Top 10 New Vehicles Purchased 1. Toyota Corolla 2. Honda Civic 3. Toyota Camry 4. Ford Focus FWD 5. ... Continue reading
Aug 26, 2009
The CARS program came to a close Tuesday night with nearly 700,000 clunkers taken off the roads, replaced by far more fuel efficient vehicles. Rebate applications worth $2.877 billion were submitted by the 8 p.m. deadline, under the $3 billion provided by Congress to run the program. Cars made in America topped the mos ... Continue reading
Cash for Clunkers - Message to Auto Dealers from the Department of Transportation
Aug 25, 2009
The CARS website has been fully operational overnight and will remain open for dealers to submit sales documentation until 8:00 p.m. EDT this evening. After that time, the system will be closed to new submissions. The deadline for completing new deals has already passed, so no dealer or consumer should agree to a CARS ... Continue reading
Consumers and Toyota Biggest Beneficiaries of Clunker Cash
Aug 25, 2009
Washington Dc August 25, 2009; The AIADA newsletter reported that in the latest Cash for Clunkers tallies, international nameplates continued to dominate. According to the Detroit News, Toyota is the clunker replacement leader: Of all vehicles sold under the program, 19.2 percent were Toyotas. The Toyota Corolla remain ... Continue reading
Auto Dealers Swamped as Trade-In Rebate Ends
Aug 25, 2009
PHOENIX August 24, 2009 Tim Gaynor writing for Reuters reported that Americans swamped auto dealerships on Monday during the final hours of the government's popular "cash-for-clunkers" program, which offered rebates of up to $4,500 to trade in older gas guzzlers. Dealers from California to Texas saw lots empty of cars, ... Continue reading
Cash For Clunkers a Jolt For Car Sales; Not a Fix
Aug 25, 2009
As Cash for Clunkers comes to an end, auto industry comes down from its sugar high WASHINGTON August 24, 2009; Stephen Manning and Ken Thomas writing for the AP reported that now comes the hard part for the auto industry -- luring customers without big Cash for Clunkers discounts. The popular government rebates gave au ... Continue reading
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