News By Topic: Cash for clunkers stories

NADA: 'Clunkers' Money Going Quickly

Jul 31, 2009

WASHINGTON, July 31 /PRNewswire-USNewswire/ -- Due to substantial consumer interest in the "Cash-for-Clunkers" program, the funding allocated for the program is being claimed very rapidly. In response, NADA Chairman John McEleney, a multi-franchise dealer in Iowa, issued the following statement: "Without question, the ... Continue reading

House Republicans Won't Block Cash for Clunkers Bill

Jul 31, 2009

WASHINGTON, July 31, 2009; Richard Cowan writing for Reuters reported that Republicans in the U.S. House of Representatives will not try to block passage of a possible $2 billion extension of the "cash-for-clunkers" program, a House Republican leadership aide said on Friday. While many Republicans likely will end up vo ... Continue reading

Congressman Chaka Fattah Calls for Continuation of Cash for Clunkers

Jul 31, 2009

Congressman Chaka Fattah (D-PA) releases the following statement on the need for more funding of the car program. WASHINGTON, July 31The success of the cash for clunkers program is evident. Americans want to drive more fuel efficient automobiles and dealers want to sell more cars. In conjunction with the Administration ... Continue reading

Used-Car Sales Taken for a Ride by Cash for Clunkers

Jul 31, 2009

Washington DC July 31, 2009; The AIADA newsletter reported that used-vehicle sales are hitching a ride on the Cash for Clunkers bandwagon, some dealers say. But others caution that the program will hurt the used-vehicle market down the road. According to Automotive News, some consumers – lured into new-car dealers ... Continue reading

DOT Says "Cash for Clunkers" Program Still in Effect

Jul 31, 2009

Despite widespread reports yesterday evening, Cash for Clunkers has not been suspended. However, NHTSA has expressed concern over the program's funding levels. "Clearly, this has been a very stimulative program that's got consumers back into the car market. It's our hope that possibly more funds can be made available," ... Continue reading

Cash for Clunkers Hits Program Limit (So They Say) in 6 Days - Pent up Demand For New Cars Explodes

Jul 31, 2009

WASHINGTON, July 30, 2009; John Crawley writing for Reuters reported that the U.S. government's $1 billion "cash for clunkers" auto sales incentive program reached its funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday. Auto dealers began o ... Continue reading

NHTSA, DOT Announces Decision on Non-Qualified Turn-ins

Jul 30, 2009

SANTA MONICA, Calif. Edmunds.com, the premier online resource for automotive consumer information, pressed the National Highway Traffic Safety Administration (NHTSA) yesterday for an answer on a common issue facing consumers from the Cash for Clunkers program. The U.S. Department of Transportation (DOT) has ruled that ... Continue reading

Ford Says Cash For Clunkers Increasing Sales Sharply

Jul 30, 2009

DEARBORN, Mich., July 30 (Reuters) - Ford Motor Co (F.N) has seen a sharp increase in sales over the past week since its dealers began accepting trade-ins under the U.S. government's "cash for clunkers" incentive program, the automaker's U.S. sales chief said on Thursday. "We were having a strong month before (cash for ... Continue reading

Cash For Clunkers Funds Remaining As Of July 30, 2009

Jul 30, 2009

$854M Estimated funds remaining for all vehicles except for CAT3 Trucks. $75M Estimated funds remaining for CAT3 Trucks. Last update 7/30/2009 at 10am eastern time. ... Continue reading

Remaining Cash for Clunker Funds

Jul 29, 2009

SEE ALSO: Cash for Clunkers Consumer Guide The estimated funds remaining shown on the gauge to the right are estimated funds only. This page will be updated daily for informational purposes only. This is not official fund balance dealers should refer to when entering in their transactions. Remaining Cash for Clunker Fu ... Continue reading

Hollywood Celebrities Support Cash For Clunkers Bill

Jul 29, 2009

Celebrities Promote The New Cash For Clunkers Bill Because It Helps Some Of The People That Need It Most NEW YORK, July 29 -- Celebrities Support www.CashForClunkersInformation.org. CashForClunkersInformation.org has received support from celebrities like Dancing With The Stars' Cristian de la Fuente and Ugly Betty sta ... Continue reading

2009 Nissan Versa Review

Jul 29, 2009

NISSAN VERSA Entry Level Excellence By Steve Purdy TheAutoChannel.com Detroit Bureau This week’s tester is the cheapest – no, let’s say least expensive – car yet to grace my driveway, and my computer screen. The base price on this Nissan Versa 1.6 sedan is $10,900. You can get the same car for $9,99 ... Continue reading

Edmunds.com Presses NHTSA on Cash for Clunkers Consumer Dilemmas; Decision Expected Today

Jul 29, 2009

SANTA MONICA, Calif.--Edmunds.com, the premier online resource for automotive consumer information, pressed the National Highway Traffic Safety Administration (NHTSA) today for an answer on a common issue facing consumers from the Cash for Clunkers program. Consumers have been heavily engaged on Edmunds’ CarSpace. ... Continue reading

More Cash for Clunker Funds Flow to Dealers

Jul 29, 2009

<p> Government ensuring dealers won't be left holding credits <p>WASHINGTON July 30, 2009; Neil Roland writing for Automotive News reported that Federal refunds to dealers tripled on Tuesday, the third day of the cash-for-guzzlers program, as some dealers expressed concern that the program's $1 billion budget would soo ... Continue reading

A TACH Reader Comments on "Remaining Cash for Clunker Funds"

Jul 29, 2009

Just got off the phone with a dealer with whom I had signed an agreement that included the cash for clunker. (this is Wed. July 29th) My vehicle was not to be delivered until Aug 5th (next week). I in turn have made the necessary calls to acquire the necessary paperwork that goes with my end of the deal to purchase the ... Continue reading