What do you do with some 700,000 recently clunked cars? Send them to scrap heaps, naturally. According to the initial set of rules drafted when Cash for Clunkers was first launched, all those vehicles need to be processed properly, which includes removing most (if not all) of the good usable parts from each vehicle before sending the remaining hulk through crush and melt-down machines.
This year, Labor Day in the U.S. will be celebrated on September 7. That's over two weeks away, and not that long ago, the government had said the C.A.R.S. (Cash for Clunkers) program would be funded through that date. Looks like the rebate system is once again a victim of its own success once again: a new report says that C.A.R.S. will be shut down Monday. The news is all unsourced and unverified at this point, but [UPDATE: It's official] all indications are that the wind down is really happeni
In the flurry to give Cash For Clunkers – sorry, C.A.R.S. – a very quick $2 billion extension last week, some of the more critical voices of the program were drowned out. At the very least, their effort was in vail. It may be too late to stop the bill from becoming law, but it's worth it to think through some of the possible unintended side effects of paying people to junk their cars.
The fickle nature of the American consumer is on obvious display in car dealerships across the country right now. With the government sponsoring a giant garage cleaning through the CARS ("cash for clunkers") program, people are taking old vehicles and turning them into new ones, with a fancy $4,500 check attached. Now that CARS has been active for a short while, early numbers are in: the trucks and SUVs that were so incredibly popular just a few years ago are being dumped by the thousands for sm
As the whole "Cash for Clunkers" program has transitioned from Congressionally-passed legislation to NHTSA rule book, it has at same time gone from a great way to get old gas guzzlers off the road to something resembling a fiasco. Over the course of the past week, dealers have worried that they might be subject to income taxes on the rebates they collect and customers who thought they had qualifying clunkers learned otherwise.
Hmm. Last Friday, the official rules for the CAR Allowance Rebate System (CARS, also known as the Consumer Assistance to Recycle and Save Act of 2009 and the "cash for clunkers" bill) were released. Also last Friday, the Environmental Protection Agency (EPA) "refreshed" the combined mpg ratings on its Fuel Economy website. Why does this matter? Turns out the refresh bumped some vehicles from the qualifying 18 mpg limit into "sorry, no good" 19 mpg territory.
Preliminary rules for the CARS act – which was known as the Cash for Clunkers bill and is now more officially known as the CAR Allowance Rebate System or the Consumer Assistance to Recycle and Save Act of 2009 – were released by the Federal government today. Automakers have been busy doubling the rebates and emphasizing the green results of the bill, but today was the first chance to see exactly how CARS will work. It's about time.
With the official kick-off date for the Cash For Clunkers program CARS just over a week away, people are already saying it's really too little, too short. Last week, Auto Alliance president Dave McCurdy said that Congress could expand the program, and now some economists interviewed by Reuters are predicting that the overall effect on the economy (and, therefore, on the environment as well) will not be very large. A senior economist at Wachovia told Reuters that, "It's a very small number of peo
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
The hotly-debated Cash for Clunkers legislation is on its way to President Obama's desk tonight, oddly enough as part of a larger bill that will continue funding the military efforts in Iraq and Afghanistan. After a late Republican-backed effort to halt the passage of the bill failed, the Senate voted 60-36 to approve the legislation after some last minute phone calls from the President swayed a few swing voters. It seems extremely likely that President Obama will sign the bill into law in short
With Congress on the verge of passing some kind of cash for clunkers legislation, it's time to take a look at what cars are worth trading in for the scrappage credit and what to sell by other means. The good folks at Consumer Reports have come to the rescue. Obviously a car that has a retail value greater than the corresponding rebate is not worth trading in unless you just can't be bothered to stick a For Sale sign in the window. The CR staff has examined the prices and concluded that pre-1993-
It seems that calls from House Majority Leader Steny Hoyer (D-MD) and Senate Majority Leader Harry Reid (D-NV) to fast track the Cash-For-Clunkers bill through the legislative process may have fallen on deaf ears. According to the Detroit Free Press, the somewhat controversial bill will be tacked on the much broader Climate Change bill that's currently being drafted by the House Energy and Commerce Committee.