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77It's been 5 years since Cash For Clunkers, was it a success? [w/poll]

CARS set out to kill two birds with one stone: jumpstart slow automobile sales and get a large number of older cars off the road.

178Brookings Institution says Cash For Clunkers was a bust

According to a Brookings evaluation of the Car Allowance Rebate System (CARS), more commonly known as Cash for Clunkers, the $2.85-billion program cost taxpayers $1.4 million for each of the 3,676 jobs created by it from June to December 2009. The White House reportedly estimated that the program would create 70,000 jobs. Additionally, the evaluation states that more effective alternative fiscal stimulus policies could have been implemented instead of CARS.

160REPORT: Detroit Three call Japan's cash-for-clunkers program unfair

The U.S. Car Allowance Rebate System (a.k.a. 'cash-for-clunkers') program was a short-term boon for automakers participating in our market. Sales went up, inventory went down and nearly 700,000 vehicles that would likely have otherwise ended up on used car lots were destroyed. And since the U.S. is essentially a free market where automakers around the globe are allowed to participate, Japanese and European automakers benefited from the program as well. In fact, Japanese automakers fared even bet

20Hard to Handle: Recyclers reportedly facing crush of cars after C4C

The ramifications of America's. Cash for Clunkers program are still being figured out – which isn't all that surprising given that a total of 700,000 or so sales totaling $2.877 billion were processed in just one month. And besides facing the unfortunate lack of suitable demolition derby material, scrapyards are reportedly finding themselves ill-equipped to deal with all the junked iron sitting behind their barbed-wire fences.

8REPORT: All those clunkers messed up with no where to go

We found out which vehicles were the most popular "green" clunkers in the Car Allowance Rebate System that ran its course earlier this fall, but it won't take much sleuthing to discover where all these clunkers have ended up. According to the AP, the disabled SUVs, minivans and trucks (mostly) are still sitting on scrap lots around the country. One recycler in Minnesota has acres crammed with 4,000 cars and can only dismantle about 100 cars a week. This is a problem, because all of the clunkers

26REPORT: Cash for Clunkers is costing charitable organizations donations

Cash for Clunkers is good news for people looking to trade in their old cars for new ones. It's good news for America's troubled car dealers. It's good news for automakers. And it's good news for auto workers, some of whom have been called back to work on assembly lines ramping up to meet demand generated by the initiative.

52Jim Cramer throws his Mad Money behind Cash for Clunkers

Capitalist-on-steroids Jim Cramer of Mad Money fame (or, if you're a Daily Show fan, infamy) thinks Cash For Clunkers is a great idea. This might surprise some of you (and shock us), but here's his reasons why:

46REPORT: Cash For Clunkers to live through today, $2 billion more on its way [UPDATE]

Last night came the shaky, breathless news that Cash for Clunkers (C4C), the federal program to get older, more polluting cars off the roads by giving consumers between $3,500 and $4,500 rebates for their trade ins, had run out of money and was being shut down. Not so fast says the Detroit Free Press. C4C will live through the end of July. Which is... today.

10REPORT: Cash for Clunkers could be dead

Congress allocated close to $1 billion for the Cash for Clunkers program. That's billion with nine zeros. And all that money might be gone by midnight tonight. This, according to reports by both the Detroit Free Press and Edmunds AutoObserver. We learned earlier that the C4C program has proved to be much more successful than initially thought, with 22,782 consumers taking advantage of between $3,500 to $4,500 federal duckets for their old "clunkers" during the programs first five days. In fact,

108REPORT: Cash for Clunkers could be dead tonight [UPDATE]

Congress allocated close to $1 billion for the Cash for Clunkers program. That's billion with nine zeros. And all that money might be gone by midnight tonight. This, according to reports by both the Detroit Free Press and Edmunds AutoObserver. We learned earlier that the C4C program has proved to be much more successful than initially thought, with 22,782 consumers taking advantage of between $3,500 to $4,500 federal duckets for their old "clunkers" during the programs first five days. In fact,

28Cash for Clunkers racks up 22,782 trade-ins and $95.9 million so far

When the government's Cash for Clunkers program returned 4,026 orders on its first full day of availability, some were surprised by the speed with which the sales booster took off. After only five days, the program seems to have picked up steam rather than lost it: 22,782 trade-ins have funneled through dealer lots in the 3-4 days since Monday when the program began. So far, dealers have requested $95.9 million in reimbursement money from the government, or about 10% of the funds that were supp

29REPORT: Dealers may have to pay taxes on Cash for Clunkers rebates

Nothing is ever as simple as it seems. One prime example is the government's newly minted "Cash for Clunkers" program, or CARS (Car Allowance Rebate System) that launched yesterday.

35REPORT: Nissan engineers tweaking vehicles to meet Cash-for-Clunkers requirements

2009 Nissan Sentra FE+ 2.0 SR - Click above for a high-res gallery

24Cash-for-Clunkers trade-ins account for 7 percent of Hyundai sales in first week

So far, Hyundai has been the only automaker in the U.S. to accept early trade-ins under the Car Allowance Rebate System (CARS), or Cash-for-Clunkers (CFC), program. Most are waiting for the U.S. Department of Transportation to finalize the program's rules and regulations by July 24th, but Hyundai decided to start early since the program covers all transactions dating back to July 1st. Since the government hasn't set up a reimbursement process for the rebates that range from $3,500 to $4,500 just

6Does the government know if ethanol cars qualify for Cash-For-Clunkers?

AutoblogGreen reader Michael recently sent in a question regarding the about-to-start "Cash for Clunkers" program. Officially known as the Car Allowance Rebate System (CARS), the program allows owners of some older and inefficient vehicles to trade them in and get a rebate check worth up to $4,500 from the government to buy a new car. The simple version of the rules are that the trade-in can't be more than 25 years old, needs to have an official combined highway/city fuel economy rating of 18 mp

7Cash for Clunkers to officially begin July 23rd

When President Obama signed the Cash-for-Clunkers bill into law back on June 24th, the Transportation Department was given 30 days to set the official rules and regulations for the program that put the actual plan into motion. According to the official CARS (Car Allowance Rebate System) site, the NHTSA intends to get the deed done a day early by July 23rd. Although the paper the President signed stipulated that consumers may be eligible for the program starting on Wednesday, July 1st, the Transp

30Cash for Clunkers to officially begin July 23

When President Obama signed the Cash-for-Clunkers bill into law back on June 24, the Transportation Department was given 30 days to set the official rules and regulations for the program that will put the plan into motion. According to the official CARS (Car Allowance Rebate System) site, NHTSA intends to get the deed done a day early by July 23. Although the paper the President signed stipulated that consumers may be eligible for the program starting on Wednesday, July 1, the Transportation Dep

24Ford launches Cash-for-Clunkers eligibility calculator

In the coming weeks before the U.S. Department of Transportation finalizes the rules and regulations for the Car Allowance Rebate System (CARS), otherwise known as Cash-for-Clunkers, we expect every automaker who operates in this country to start promoting which vehicles they sell that meet the program's eligibility requirements. Ford Motor Company has got 20 vehicles spread across its Ford and Mercury brands, and less than 24 hours after President Obama signed CARS into law, the automaker has l

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