Mexican Cash-for-Clunkers program announced, only brands built in country are eligible
Mexican President Felipe Calderon has announced a Cash-for-Clunkers program for buyers wishing to trade their cars in for something locally produced. So far, 500 million pesos ($37M USD) have been set aside for the program, but Calderone has reportedly said the subsidy could be doubled to one billion if the program proves successful.
New car buyers will be given 15,000 pesos ($1,100 U.S.) for the cars they turn over to recycling depots or junkyards, and they can apply that to cars worth up to 160,000 pesos ($11,760 U.S.). Eligible vehicles include those built in Mexico or imported by any of the seven companies that have assembly plants in the country.
[Source: El Universal (translated)]
Get a WordPress.com Blog
_opt_thumbnail.jpg)
_thumbnail.jpg "2011 Audi A8: Live from Miami")
Reader Comments (Page 1 of 2)
Jorge 12:04PM (7/17/2009)
Many Mexicans like me live in Mexico, aprox 107 million. If your are willing to go and pick your veggies from the field, or wash dishes in the restaurants, or clean your own house, go ahead. They are not there because they want, and they are there because they need a job and because the american economy needs them. Respect them for the services they give and get acostumed to the charge to the economy. It is a symbiotic relationship. Many of them could come back here but who would buy your used cars???.
timtlmn 9:27AM (7/17/2009)
Chrysler rejoices. Rams and PT Cruisers jump in sales.
Reply
titoliro 4:27PM (7/17/2009)
I´ve always liked mexican people better than united states citizens, practically the whole wide world does. hmmm good for them.
Reno20k 9:40AM (7/17/2009)
Wait, what? cars worth up to 11,760? Correct me if completely misunderstand the mexican car market but that seems like you'd be eligible to buy very few cars.
Reply
Tourian A5 10:51AM (7/17/2009)
I'm from Mexico and you can buy a lot of really good cars for that ammount of money. My mom bought a Renault Clio a few years back, that thing has proven to be excellent both in the city and in the highway, sips gas (1.6 engine), seats 5 very comfortably and when you put the rear seats down you have a hatchback trunk as big as Boeing 747.
Sure, the rear doors don't have electric windows and you don't have plushie materials everywhere, but when it comes to getting you from A to B safely and comfortably, it's a hit!
Gary 11:04AM (7/17/2009)
But how can one live without soft-touch dashboards?
hashiryu 9:43AM (7/17/2009)
Mystery to me why automakers don't sell hybrids in mexico city. They would clean up with the kind of stop and go traffic they have there. I've only ever seen a civic hybrid there....once.
Reply
Redeemed 9:52AM (7/17/2009)
You can buy a hybrid in Mexico. The problem is, there are not enough Eco-elite's that live there to overpay for one.
Epyx 10:01AM (7/17/2009)
Because the people are too poor to buy hybrids (for the most part) and those that are not dont hold green at the same level of fashion as wealthy people do north of the border.
Gary 11:05AM (7/17/2009)
Bankrupt Americans are too poor to buy hybrids as well, that's what credit is for.
urdaddy 11:57AM (7/17/2009)
funny people still find the need to refer to every hybrid buyer as some sort of overpaying, "eco-elite", hypocrite, environmentalist when most people just find them a better value than other similar cars in its class and are nothing like that. If anything comments like those say a whole lot more about the people posting them and their need to feel superior than what a hybrid will ever say about its driver.
tankd0g 12:13PM (7/17/2009)
Finding a car is better value and actually having it work out on paper are two different things.
Redeemed 12:21PM (7/17/2009)
@urdaddy
How ironic. You only need to flip back a few stories on today's Autoblog to see what a great "value" (more accurately - not) hybrid's truly are.
http://www.autoblog.com/2009/07/16/study-despite-insurance-discounts-hybrids-are-driven-more-cos/
I'm tired of the "I care more than you about being green" attitude I get from many hybrid owners. Not saying eveyone single one is like that, but many of them are.
hashiryu 12:25AM (7/24/2009)
"Can't afford" .....
hahaahahaa..... Really, you guys should see the amount of Audis, BMWs, and other cars (which are much more expensive than they are in the us) roaming the streets. The are a LOT of well to do people in mexico, Toyota, Honda and ESPECIALLY Nissan, sell a LOT of cars there.
The Other Bob 9:47AM (7/17/2009)
So who wouldn't be included?
Honda makes some Accords in Mexico, Toyota builds Tacomas, Chevy, Ford and Chrysler have plants. Nissan builds Sentras there. I am sure there are others.
I wonder if it is by maker (like GM) or by brand. (like Chevy) That could make a difference.
Reply
L3 10:14AM (7/17/2009)
Pesos for P.O.S.s?
Reply
Protzenegger 10:30AM (7/17/2009)
Brilliant.
GusAGV 11:31AM (7/17/2009)
Hahaha... good one buddy!
Even better when you take into account that the USD is SO STRONG!
Hugox1 10:56AM (7/17/2009)
Actually, you can pick from many models for that type of cash, since all of the main car companies have one or two cheap, entry level models.
Reply
friko 11:32AM (7/17/2009)
So, "illegials" is how racist morons call them now?
Reply