US August 2010 Auto Sales Fall from Last Year's Cash for Clunkers High
Sep 2, 2010
Last August, Cash for Clunkers was in full swing, contributing to a heightened demand for small, fuel efficient vehicles. This August, in the absence of the federal program, automakers saw an equally dramatic sales decline. International brands that benefited during Clunkers were hit hard. Honda and Toyota were both do ... Continue reading
ARA Successful to Secure Additional Cash for Clunkers Processing Time for Automotive Recyclers
Feb 2, 2010
NHTSA Approves 90 Day Crushing Extension -- a Win-Win for Consumers MANASSAS, Va., Feb. 2 -- The National Highway and Traffic Safety Administration (NHTSA) has issued its final ruling which allows automotive recyclers an additional 90 days, for a total of 270 days, to crush or shred vehicles traded in under the Consume ... Continue reading
Japan Alters Their Car Scrappage Scheme to Include U.S. Owned Auto Makers
Jan 19, 2010
Washington DC January 9, 2010; The AIADA newsletter reporte that Japan's Trade Ministry changed the terms of its car scrappage incentive scheme on Tuesday to include vehicles imported from the United States, after complaints from Washington that U.S. vehicles were being excluded. According to Reuters, Tokyo's version o ... Continue reading
URG Says Feds Missed Opportunity To Keep Cash for Clunkers Program Green
Dec 28, 2009
CENTENNIAL, Colo., Dec. 28 -- The United Recyclers Group (URG) says that the federal government is not doing enough to help promote the green aspects of the auto salvage industry and encourage the use of environmentally-friendly green auto parts. "Cash For Clunkers (C4C) created some much needed green awareness for con ... Continue reading
Consumers Who Cashed In on Clunkers Plan to Cut Back for the Holidays
Nov 25, 2009
CHICAGO, Nov. 25 -- According to a recent Cars.com survey, many shoppers who took advantage of the government's Cash for Clunkers program plan to cut back on holiday shopping this year. According to the survey, 63 percent of consumers who purchased a car during or before the program expressed that they would be cutting ... Continue reading
Don't Buy a Vehicle That Should Have Been Scrapped
Nov 6, 2009
Experian's AutoCheck now indicates if the vehicle you intend to buy was traded in under the Cash for Clunkers program SCHAUMBURG, Ill., Nov. 5 -- While those gas-guzzling vehicles traded in as part of the Consumer Assistance Recycle and Save (CARS) Act -- or "Cash for Clunkers" -- are set to be scrapped, the possibilit ... Continue reading
Nov 3, 2009
MCLEAN, Va., Nov. 3 After a thorough review of the Cash for Clunkers program, the chief economist of the National Automobile Dealers Association (NADA), Dr. Paul Taylor, determined that the cost of each incremental vehicle sold was around $4,587. An incremental sale is a sale that would not otherwise have occurred with ... Continue reading
Busy Covering Car Sales on Mars, Edmunds.com Gets It Wrong (Again) on Cash for Clunkers
Oct 30, 2009
The White House Blog Posted by Macon Phillips on October 29, 2009 at 12:20 PM EDT On the same day that we found out that motor vehicle output added 1.7% to economic growth in the third quarter â the largest contribution to quarterly growth in over a decade â Edmunds.com has released a faulty analysis suggesti ... Continue reading
The Evolving Changes of Transportation Habits in America
Oct 15, 2009
NEW YORK--The success of the U.S. governmentâs Cash for Clunkers program will be debated for some time. While it gave the auto industry a boost, the impact it had on September vehicle sales has widely been referred to as a âhangover period.â However, according to a report from the U.S. Department of Tran ... Continue reading
Cash For Clunkers Generated Almost $2 Billion in State Taxes - Yea Clunker Program!
Oct 13, 2009
Washington DC October 13, 2009; The AIADA newsletter reported that struggling states and towns got a dose of badly needed money this summer from the Cash for Clunkers program that poured hundreds of millions of dollars of tax revenue into their budgets. According to MSNBC, now, like the auto industry, recession-ravaged ... Continue reading
Kbb.com Study: New-Car Shoppers Delay Purchase After Cash for Clunkers
Oct 7, 2009
Consumers Willing to Spend More Later and More Likely to Purchase Hybrids if Carpool-Lane Stickers Available IRVINE, Calif., Oct. 7 -- According to the latest Kelley Blue Book www.kbb.com Market Intelligence Study, since the end of the CARS 2009 program (commonly referred to as 'Cash for Clunkers'), in-market car shopp ... Continue reading
Don't Let a Journalist Evaluate Cash for Clunkers
Oct 6, 2009
by: One Eyed Guide October 06, 2009 | about: F Monday's WSJ article: Clunkers in Practice: One of Washington's All Time Dumb Ideas proves one of my long time suspicions: Most newspaper journalists write because they don't have enough sense to hold a business job. (Proof: look at circulation of newspapers now that they ... Continue reading
Cars.com Survey Shows Cash for Clunkers Drove Incremental Buyers Into Market
Oct 5, 2009
Close to a Third of Cash for Clunkers Participants had no Intentions of Buying a Car Prior to the Program Launch CHICAGO, Sept. 18 -- According to a new Cars.com survey, 30 percent of consumers who purchased a new car during the recent Cash for Clunkers program had no intentions of buying a car, but said they bought on ... Continue reading
International Automobile Dealers Announce Monthly Sales
Oct 2, 2009
In Wake of Clunkers, Auto Sales Drop ALEXANDRIA, Va., Oct. 1 /PRNewswire-USNewswire/ -- The American International Automobile Dealers Association (AIADA) today released September 2009 sales figures for the international nameplate automobile industry. AIADA represents over 10,000 international nameplate franchises, whic ... Continue reading
Exotic Clunkers also got the Crunch Under Program
Sep 25, 2009
Washington DC September 25, 2009; The AIADA newsletter reported that at its creation, a 1997 Bentley Continental R was one of the most powerful and exclusive cars in the world, with every hand-built copy from the English countryside valued at $300,000 and beyond. Click here for a picture. According to the Detroit Free ... Continue reading
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