Clunker Pickups: New Analysis

According to the latest data, the recent Cash for Clunkers program set up to rid gas guzzling cars from our roads did not do as good a job as first thought. It had been hoped that more fuel-efficient vehicles would take the place of a number of old vehicles, but the new models only have slightly better gas mileage figures. Read more

Positive Auto Sales even after Cash for Clunkers

The first full month auto sales are in, one month after the end of the governments Cash for Clunkers scheme or CARS. The auto industry had expected sales to fall dramatically, but that fall to their surprise did not happen. Nine auto brands said that their September sales were more positive compared to the same period last year. Read more

60,000 Clunkers Rejected For Payout: Equals $250m

It has been revealed that the government has rejected around 60,000 Clunker applications, which total to around $250 million. The stat is just one of many which have been released today, for the ongoing Cash for Clunkers program.

As reported from CNN, the government is still trying to work with car dealerships across the country to come to agreements over pending payments. We have also heard that some are still awaiting approval, but a total of 77,000 more vouchers have been approved, equalling around $322 million.

Since the beginning of the Cash for Clunkers program, a total of 535,000 vouchers have been submitted and approved by the government, making a total of $2.25 billion so far. As the program is ongoing, this figure is expected to rise even further towards the end of the year.

Let us know if you have had your motor approved by the program, or if it was rejected. You can watch the video over at CNN for more details on this.

Cash for Clunkers: Toys ‘R’ Us offers crib version

Before you ask, no your not reading the article title wrong, over at the On Deadline site they are reporting that Toys “R” Us have started their own Cash for Clunkers scheme in which you can trade in your old baby products for a discount on a new product. Read more

Cash for Clunkers Tax: Rebate taxable or not?

We have not been short of “Cash for Clunkers” news over the last few weeks, and this includes news of a voucher system, success vs. hype of the program, and spin-offs like the cash for ‎refrigerators and appliances idea.

Now that the ‘Cash for Clunkers’ program has closed, what next for consumers that Read more

Cash for Clunkers (aka CARS): Success vs. Hype‎

Well over the last few months the car market has had it great, $3 billion in government incentives to drivers who scrap their old car in exchange for a more fuel efficient new car, but one does get the feeling that maybe this has led the car industry into a false sense of security, to which they may now find the rest of the year and indeed next year quite a strain. Read more

Cash for Clunkers: Failure or Success

We recently reported that the Cash for Clunkers program is set to end on Monday and with over half a million cars already scrapped under the scheme, there is now less gas guzzling vehicles on the road. CARS (Car Allowance Rebate System) have not been out of the news since its launch, and we now ask if the scheme has been a failure or success. Read more

Cash for Clunkers Ending: CARS Ends Monday

The Cash for Clunkers program has proved a great success; this was proven a few weeks back when the U.S. government had to add a further $2 billion to the Car Allowance Rebate System (CARS). The incentive program is now ending; the U.S. Department of Transportation will end Cash for Clunkers on Monday. Read more

Cash for Clunkers: Appliances Program

The original Cash for Clunkers scheme, which was called CARS (Car Allowance Rebate System), proved such a success to the auto market, that there are those hoping to have the same kind of scheme for appliances. It seems that people are holding on to their appliances much longer than ever, as consumers have much less to spend. Read more

Cash for Clunkers Voucher: From concept to reality

It’s amazing how successful the CARS (Car Allowance Rebate System) has been from the moment it was announced, and following the additional two billion dollars of funding came a new idea, the “Cash for Clunkers Voucher”.

Earlier this week you may have been aware that Rep. Fred Upton and Rep. Candice Miller promoted the Cash for Clunkers voucher idea to the Secretary of Transportation, Ray LaHood Read more

Cash for Clunkers: Toyota Cars in the 2009 program

The Cash for Clunkers program has confused so many of us, but at least we are finally getting to understand what it is all about and what cars qualify. Toyota has 25 vehicles that qualify for the Car Allowance Rebate System. Seventeen are from Toyota’s range of cars, SUVs and trucks and Five from Lexus. Read more

Cash for Clunkers Update: Dealers claim $1.03 billion

An article on AutoBlog yesterday is reporting that as of Friday August 7th over 245,384 Cash for Clunkers claims have been submitted, these 245,384 claims totals up to around $1,030,000,000, this leaves the Cash for Clunkers program just under $2 billion left, and at the rate that these claims are going through the recently government approved budget increase may not last much longer Read more

Cash For Clunkers Program 2009: Making sense of it

An article on the BeaufortObserver looks into the Cash for Clunkers program, whilst the Cash for Clunkers scheme does put more economical cars on the road, it does however result in many perfectly good cars, trucks and SUV’s being destroyed. Read more

Cash for Clunkers Program: Charities Worried

Since the launch of the Clash for Clunkers program, there have been a number of people criticizing the incentive. According to USA Today, the latest is a number of charities across the United States who are worried that people are now trading in their old cars to get the cash incentive, rather than donate them to a charity. Read more

2009 Honda Civic Sales Up

With the current trend of auto sales falling sharply, its good to see an increase in sales of the 2009 Honda Civic, even if the “Cash for Clunkers” program is the reason for the sales increase.

The overall U.S. sales for Honda Motor Co. fell 17.3% in July when compared to the same month in 2008, but sales of Read more

Most Cash for Clunkers Cars Are Foreign Brands

According to an article shown on USAToday, it seems that the recent Cash for Clunkers program has seen a majority of the vehicles that have been sold are from foreign manufacturers. The most popular cars have been the Honda Civic, Toyota Corolla, Dodge Caliber and the Toyota Prius hybrid. Read more

Cash for Clunkers: Recall and Senate Vote

It has been confirmed that the US Senate has extended the Cash for Clunkers problem, as widely expected. We reported to you here that it was only a matter of time until the deal got improved, but now its a reality.

Its good news for consumers, as an extra $2 billion pumped into in the Cash for Clunkers program, will now allow half a million more Americans to make use of the program.

As reported from Examiner, the Sierra Club has just announced that they will continue helping consumers to understand the economical benfefits that the program brings, in helping to choose the right vehicle for them.

If you head over to their online guide here, you’ll see that they have added a calculator which lets you compare the emissions reduction benefits and fuel savings for various new models.

Ann Mesnikoff, Director of Sierra Club’s Green Transportation Campaign had this to add on the matter:

“We are excited to continue helping consumers choose a vehicle that gives a boost to both the economy and our environment. Choosing the right new vehicle will save money at the pump, cut dependence on oil, reduce carbon emissions, and help the auto industry.”

Head over to the Examiner for the full article. Keep up to date with the latest news on Cash for Clunkers here.

Cash for Clunkers Bill Update

Following the promise of an extra $2 billion for the Cash for Clunkers program, it now seems that Senate Majority Leader Harry Reid has the votes to allow the budget increase. This extra $2 billion will allow approximately half a million more Americans to use the Cash for Clunkers program.

It is thought that many Republicans apposed the plan for a budget increase; however Senate Minority Leader Mitch McConnell believed his party “would not block a vote”, and stated “The matter will be completed.” Read more

Cash for Clunkers: Destroying past, present and future classics?

Undoubtedly the cash for clunkers scheme has been a huge success across the US, but at what cost? Many Classic Car hobbyists believe that this scheme could indeed wipe out some classic cars from both the past, present and even vehicles that could turn into future classics, and with $1 billion already spent on the scheme and more planned soon, could the future classic car market be in danger? Read more

Cash for Clunkers Car List: Top 10 Purchased

Following on from our earlier story, which informed you about the full Cash for Clunkers car list, we now have a top ten list of the types of vehicles that consumers have purchased through the Cash for Clunkers program. Read more

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