News By Topic: Cash for clunkers stories

Obama Administration Assures Dealers They'll be Reimbursed for Clunker Rebates

Aug 20, 2009

WASHINGTON August 19, 2009; Ken Thomas and Dan Strumpf writing for the AP reported that transportation Secretary Ray LaHood assured car dealers Wednesday that they will be reimbursed for sales made under the Cash for Clunkers program and said the department would soon offer plans to wind down the popular car incentives ... Continue reading

NADA: 'Cash for Clunkers' Program Enters Wind-Down Phase

Aug 20, 2009

WASHINGTON, Aug. 19 /PRNewswire-USNewswire/ -- The federal "cash for clunkers" or "CARS" program is now entering its wind-down phase. Earlier today, U.S. Transportation Secretary Raymond LaHood announced that, within the next 48 hours, guidance will be issued regarding the process by which the program will be brought t ... Continue reading

Clunker Rejection Rate Said to be Declining

Aug 19, 2009

Washington DC August 19, 2009; The AIADA newsletter reported that dealers' Cash for Clunker claims are being rejected at a dramatically lower rate because data entry errors have declined, setting the stage for a speed-up of federal rebates, a Transportation Department spokesman said on Tuesday. According to Automotive ... Continue reading

NY Auto Dealers Threaten to Stop Accepting "Cash for Clunkers" Deals Over Government Slow Pay

Aug 19, 2009

New York Auto Dealers Consider Pulling Out of "Cash for Clunkers" Citing Non-payment by Federal Government Recent Estimates Reveal Only 2% of Rebates Have Been Paid Back to Dealers New York, NY ¡X (August 19, 2009): New York franchised new car dealers are beginning to voice concerns over the Federal Government¡¦s in ... Continue reading

Cash for Clunkers Sales on the Rapid Decline, Reports Edmunds.com

Aug 18, 2009

SANTA MONICA, Calif.--The rush of automotive sales activity brought on by the "Cash for Clunkers" program is fading fast, according to Edmunds.com, whose latest study of car buyer behavior indicates that automotive purchase intent is down 31 percent from its peak in late July. “Now that there is plenty of money in ... Continue reading

More Workers Hired to Speed Cash for Clunker Reimbursements to Dealers

Aug 18, 2009

Washington Dc August 18, 2009; The AIADA newsletter reported that the Obama administration is tripling the number of workers processing Cash for Clunkers transactions as some dealers complain the government has been slow to reimburse them for the incentives of up to $4,500 a vehicle. According to the New York Times, an ... Continue reading

Thinking About 'Ca$h for Clunkers?' Don't Forget the Insurance

Aug 18, 2009

State Farm wants you to remember all of the costs BLOOMINGTON, Ill., Aug. 17 -- You may be looking to the Cars Allowance Rebate System (CARS) to put you into a newer, more fuel-efficient vehicle. While you crunch the numbers to see if you qualify, you should also consider your insurance costs. A newer vehicle typically ... Continue reading

Engine Repower Council: Motorists Will Find Engine Repowering a Better Option Than 'Cash for Clunkers'

Aug 17, 2009

BETHESDA, Md., Aug. 17 /PRNewswire-USNewswire/ -- Many Americans are finding that the "Cash for Clunkers" program is not an option for them. Whether their vehicle does not qualify for the program or they are hesitant or unable to take on the expense of a new car, repowering the engine of their "clunker" may be a wise a ... Continue reading

International Nameplates Climb in 'Clunkers' Program

Aug 17, 2009

According to the Detroit News, Japanese automakers have gained significant ground in the U.S. government's $3 billion "cash for clunkers" program. Toyota dethroned GM as the top seller, selling 18.9 percent of vehicles purchased through the clunkers program. The largest three Japanese automakers – Toyota, Honda, a ... Continue reading

Cash for Clunkers Consumer Guide - Qualifying Vehicles and How It Works

Aug 16, 2009

Cash for Clunkers, Qualifying Cars, Qualifying Trucks, Cash for Clunkers Q and A, Cash for Clunkers Vehicle search tools,Cash for Clunkers - new cars From U.S. Congress Committee on Energy and Commerce The House of Representatives will soon consider Rep. Sutton’s CARS (Consumer Assistance to Recycle and Save) Act ... Continue reading

Hey Bunky Use Your Clunky And Buy a New Car For Under $150 Per Month

Aug 15, 2009

New Cars For $100-$150 Per Month - See What Can (NOW) Buy, cash for clunkers, cheap cars, C.A.R.S. ... Continue reading

Clunkers Program to Let Buyers Reserve Vehicles

Aug 14, 2009

Washington DC August 14, 2009; The AIADA newsletter reported that car shoppers wanting to use the Cash for Clunkers program who can't find the vehicles they want on dealer's lots will be able to reserve models under a change in the program announced by the Obama administration on Thursday. According to the Detroit Free ... Continue reading

Cash for Clunkers: BIG NEWS! Buyers Can Place New Vehicle Factory Order And Lock In Govt Cash

Aug 14, 2009

WASHINGTON August 13, 2009; Ken Thomas writing for the AP reported that -- Car shoppers running into shortages of certain vehicles at dealerships will still be able to use the Cash for Clunkers program to reserve the car of their choice, the Obama administration said Thursday. The Transportation Department said consume ... Continue reading

NADA Update on 'Cash for Clunkers' Claims Submission Issues

Aug 13, 2009

NADA and Automotive Trade Association Executives (ATAEs) from all over the country participated in a conference call on Wednesday, Aug. 12, with the National Highway Traffic Safety Administration (NHTSA) regarding the "Cash for Clunkers" (CARS) program. NADA and the ATAEs reiterated a number of dealer concerns about th ... Continue reading

Cash for Clunkers Update

Aug 13, 2009

Washington DC August 13, 2009; The NHTSA reported that they have heard that dealers are asking consumers to sign agreements with contingencies when they participate in the CARS program. CONSUMERS ARE NOT REQUIRED TO SIGN CONTINGENCY AGREEMENTS TO PAY BACK THE DEALER SHOULD THE CARS CREDIT BE REJECTED. We’ve also h ... Continue reading