Aug 3, 2009
manufacturer incentive in the U.S. was $2,735 per vehicle sold in July 2009, down $134, or 4.7 percent, from June 2009, and up $90, or 3.4 percent, from July 2008. This represents the fourth consecutive month in which incentives have fallen. âComparing June with July, incentives usually increase between $50 and $2 ... Continue reading
U.S. Auto Sales Bolstered by Buyer Rush for Cash for Clunkers Opportunity
Aug 3, 2009
DETROIT/PARIS August 3, 2009; Kevin Krolicki and Helen Massy-Beresford writing for Reuters reported that U.S. auto sales jumped to their highest level of 2009 in July as Americans rushed to take advantage of a government incentive to trade in old cars and trucks, raising hopes the battered sector is poised for a recove ... Continue reading
Subaru of America, Inc. Announces Sales Results for Best Month Ever
Aug 3, 2009
- The Company Posted a 34-Percent Increase in Sales for July - CHERRY HILL, N.J., Aug. 3 -- Subaru of America, Inc. today announced that it had its best sales month ever with a 34-percent increase in sales in July. The company sold 21,839 units this July versus 16,271 units in July 2008 and had a 4-percent gain year-ov ... Continue reading
Consider Auto Insurance Costs When Trading Your Clunker for Cash
Aug 3, 2009
Higher car insurance prices may minimize benefits of trade-ins according to Insurance.com CLEVELAND, Aug. 3 -- Recent buzz about the government's CARS program prompted many consumers to consider trading in their older vehicles for newer cars. But Insurance.com warns that the additional costs of auto insurance for a new ... Continue reading
Obama Administration Hopeful on "Clunker" Extension
Aug 3, 2009
WASHINGTON August 2, 2009; John Crawley writing for Reuters reported that the Obama administration expressed optimism on Sunday that the U.S. Senate will extend the federal "cash for clunkers" auto sales incentive program, but warned it would be suspended at midweek without new funding. "This has been a wildly popular ... Continue reading
Cash for Clunkers Will Stop Unless Senate Acts
Aug 3, 2009
Obama administration says 'cash for clunkers' will be suspended unless Senate provides $2B WASHINGTON August 2, 2009; Ken Thomas writing for the AP reported that the Obama administration will suspend the "cash for clunkers" program unless the Senate provides $2 billion more for the popular car incentive plan, Transport ... Continue reading
So Your Car's A Clunker - Lucky!
Aug 1, 2009
cash for clunkers ; Have patience my child.. I know its hard to wait when you got that new car bugâ¦I know you just gotta have it nowâ¦you can make all sorts of justifications and rationalizations so you can quickly satisfy that new car itchâ¦but if you are turning in a passenger car that gets 18 MPG or les ... Continue reading
URGENT UPDATE FOR DEALERS: NEW RULES ESTABLISHED FOR CARS PROGRAM, EFFECTIVE IMMEDIATELY
Aug 1, 2009
August 1, 2009 AIADA has learned that the National Highway Traffic Safety Administration (NHTSA) has established new rules - effective immediately - for the Car Allowance Rebate System (CARS). The changes made to the rule NHTSA published on July 24, 2009 refer to the engine disablement process and proof of insurance fo ... Continue reading
Cash For Clunkers Program Expanded; Carfax Reports Help Consumers Prove Vehicle Eligibility
Jul 31, 2009
CENTREVILLE, Va., July 31 -- The federal government has made it easy for car buyers to help prove their current vehicle is eligible for trade-in under the Cash for Clunkers program. According to rules published by the National Highway Traffic Safety Administration (NHTSA), a Carfax Vehicle History Report and current re ... Continue reading
Mazda Surprised by Sales & Environmental Impact of Cash for Clunkers Program
Jul 31, 2009
IRVINE, Calif., July 31 -- Mazda North American Operations (MNAO), which reports July sales on Monday, has seen a marked increase in showroom traffic as a result of the week-old federal government's Cash for Clunkers (CARS) program. Fifty-seven percent of the Mazdas sold under the program have been MAZDA3s, the company ... Continue reading
Jul 31, 2009
legislation providing $2 billion in additional funding for the so-called "Cash for Clunker" initiative, which was so successful this week that it was running out of money. The bipartisan legislation passed in the House by a vote of 316 to 109. "As you know, my colleagues, as part of the Supplemental Appropriations bill ... Continue reading
U.S. Chamber of Commerce Sends 'Cash For Clunkers' Extension Letter to Senate
Jul 31, 2009
WASHINGTON - July 31, 2009: TO THE MEMBERS OF THE UNITED STATES SENATE: The U.S. Chamber of Commerce strongly supports H.R. 3435, to extend the cash for clunkers program, which has exceeded expectations for success, and has stimulated the purchase of automobiles. The âcash for clunkersâ program can provide an ... Continue reading
While Truth About CASH FOR CLUNKERS Funds Remains Unclear More Money is Approved
Jul 31, 2009
AUTO CENTRAL - July 31, 2009: Late yesterday the Associated Press published a report stating that the CARS "Cash for Clunkers" program was being suspended because funds had run out (just days after the program commenced). AP cited an annonymous source. This source has still not been revealed. The story was published ev ... Continue reading
U.S. House Approves $2 Billion "Clunker" Extension
Jul 31, 2009
WASHINGTON July 31, 2009; John Crawley and Rick Cowan writing for Reuters reported that the U.S. House of Representatives approved on Friday a $2 billion extension of the "Cash-for-Clunkers" automobile sales incentive program. The Democratic proposal would run through September 30, 2010, and tap funds from an Energy De ... Continue reading
U.S. Law Makers Pushing Additional Cash for Clunkers Funding
Jul 31, 2009
WASHINGTON DC July 31, 2009; Richard Cowan writing for Reuters reported that legislation that would add $2 billion to a cash-for-clunkers program aimed at spurring U.S. automobile sales could move quickly through the U.S. Congress, Michigan Senator Debbie Stabenow said on Friday. Speaking to reporters, Stabenow and fel ... Continue reading
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