CashforClunkers


STUDY: Cash for Clunkers helped Japanese way more than Detroit 3

While there is no question that Obama's Cash-for-Clunkers program accelerated vehicle sales this summer, a new report by the University of Michigan's Transportation Research Institute shows the big winners were from Japan, not Detroit. According to the study, nearly 85 percent of the trade-ins were from General Motors, Ford, and Chrysler, yet they only sold 39 percent of the new cars moved off the lots. On the other hand, 8 percent of the trade-ins came from Toyota, Honda, and Nissan, manufacturers who accounted for 41 percent of new car ... Read more →

Autoblog Podcast #151: With Eddie Alterman of Car and Driver Dan Roth

Abuelsamid, Lieberman, Roth and Shunk. Sounds like a law firm, but it's this week's podcast crew. Car and Driver editor-in-chief Eddie Alterman bravely wades into the pool and joins us for ...

Empire Strikes Back: White House calls out Edmunds on Clunkers story, Edmunds responds Chris Shunk

The facts in the case of the White House versus Edmunds are essentially indisputable – but they are open for interpretation. The federal government's $3 billion Cash for Clunkers program ...

Edmunds: Cash for Clunkers cost taxpayers $24k per car, not $4k Chris Shunk

There is little doubt that Cash for Clunkers gave auto sales a big boost in late July and most of August, but there has been considerable debate as to how much help taxpayers' $3 billion provided. ...

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

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 ...

REPORT: J.D. Power predicts October car sales will be down just 6% 1 month ago on Autoblog

October is coming to a close, which means we're within a few days of getting the bad news monthly auto sales tally. But October may not look as bad as many feared, at least according to the latest study by J.D. Power. The industry forecasting gurus see October sales down only six percent versus ...

STUDY: Used car prices reached all-time high in September 1 month ago on Autoblog

New car sales have been in a downward spiral for over a year now, and the big beneficiaries appear to be used cars (and repair shops). A study by Manheim Consulting shows that the company's Used Vehicle Value Index has risen to a record high of 118.5 in the month of September, up 1.8% versus ...

Average new car mpg levels hit record high in August, spurred by Cash for Clunkers 2 months ago on Autoblog

The success or failure of the Cash for Clunkers program that recently came to an end here in the United States has been and will continue to be debatable, but at least some good was accomplished by the legislation. According to data compiled by Wards Auto, the average new car fuel mileage hit a ...

REPORT: Toyota increases 2009-2010 global sales forecast by 3% 2 months ago on Autoblog

There have been subtle signs that demand for new cars and trucks are improving. Several automakers plan to increase production over the next few months, and Toyota is no different. Reuters is reporting that the World's Largest Automaker has raised its sales forecast by 3% to 6.7 million units ...

Top Ten "green" cars that met their fate during Cash for Clunkers 2 months ago on Autoblog

One rule that all clunked cars needed to adhere to was a maximum rating of 18 MPG from the federal government, right? What wasn't required was that the clunked car be considered dirty. After all, it's pretty clear that CNG vehicles burn clean, but that didn't stop 232 of them from meeting their ...

Official Cash for Clunkers trade-in list reveals oddities too strange to believe 2 months ago on Autoblog

Mixed reaction has surrounded the government's Cash for Clunkers program, but after spending around $2.8 billion, some 700,000 new vehicles have found homes. But what got traded in? We've heard some horror stories, but now that the full list of executed vehicles has been released on the Cars.gov ...

Cars.com survey says public wants more Cash for Clunkers. Well, of course they do. 2 months ago on Autoblog

After a month of relentless Cash for Clunkers coverage, we were more than pleased when the Fed's buy-back program finally ended. Nearly every other day C4C was in danger of getting shut down because of a lack of funds. Then there were dealers were worried about getting paid and customers who had ...

REPORT: 90% of Cash for Clunkers claims have been paid 2 months ago on Autoblog

Actually, paid or approved. Clunker claims being approved is the last step before dealers get paid. But yes, Cash for Clunkers, the very popular, definitely controversial program that gave consumers between $3,500 and $4,500 for their old, low gas-mileage cars is racing towards it September 30 ...

'Blue States' reportedly biggest winners in Cash For Clunkers 2 months ago on Autoblog

In the wake of the government's Cash for Clunkers program, analysts are crunching the data to determine who benefited the most from the month-long incentive program. Interestingly enough, it appears that "Blue States" (states where the residents predominantly vote for Democrat) benefited the ...

Forbes names 12 hardest new cars to find 2 months ago on Autoblog

With many automakers scaling back production to better balance supply with demand, it's not surprising there are several hard-to-find models right now. Forbes Magazine made some calls and did a little research and turned up what they say is the top 12 most difficult to find cars. After the run ...

REPORT: Cash for Clunkers leads to shortage of destruction derby cars. Oh, the humanity! 2 months ago on Autoblog

With 690,000 vehicles sentenced to one final gargle of sodium silicate, thanks to the now-defunct Cash for Clunkers program, demolition-derby drivers seem to have been left holding the short end of the driveshaft. What the government seems to have forgotten is that many cars, hobbling and ...

Ford of Canada partners with Clean Air Foundation to give C4C-like incentives 2 months ago on Autoblog

Cash for Clunkers helped all automakers move some metal during the month of August and now Ford is looking to capture lightning in a bottle up in the Great White North. Ford of Canada is working with the Clean Air Foundation to provide incentives of up to $3,000 for vehicles 15 years or older. ...

REPORT: Just 5.7% of dealers have gotten cash for their clunkers 3 months ago on Autoblog

When Cash for Clunkers was announced, most everyone was so fixed on government subsidies and the potential for a sales uptick that one big obstacle was apparently largely overlooked. How and when would dealers get paid? A couple weeks after the program officially ended, we're beginning to get an ...

By the Numbers - August 2009: Cash for Clunkers Edition 3 months ago on Autoblog

FoMoCo sales up 17%, GM and Chrysler improve but still losing sales After reviewing the U.S. auto industry's sales numbers for August 2009, the true effect of the government's Cash for Clunkers program has come into crystal clear focus. There are those automakers that were prepared for this ...

Final tally for Cash for Clunkers: 700,000 sales, $2.877B 3 months ago on Autoblog

Toyota Corolla most bought, Ford Explorer 4WD most traded After one month, an extra $2 billion in funding and an absolute mess of paperwork, Cash for Clunkers has finally petered out. The final numbers are in and the program resulted in 700,000 sales totaling $2.877 billion in $3,500 and $4,500 ...

Dealer poll calls Cash for Clunkers a 'Nightmare,' four out of 10 didn't want program extended 3 months ago on Autoblog

Conventional wisdom says that Cash for Clunkers provided a big-time boost to dealers. After all, before Clunkers, most showroom floors were bereft of customers, and scores of dealerships were closing their doors. As good as C4C has been for customers, many dealers are all too happy it's over. ...

Cash for Clunkers over, dealer deadline for filing extended indefinitely 3 months ago on Autoblog

If you're a car dealer, chances are that you're not visiting Autoblog this morning to see what's going on. No, your head and the head of every single one of your employees is buried in a keyboard right now, frantically refreshing the government's website that handles Cash for Clunkers ...

Autoline on Autoblog with John McElroy 3 months ago on Autoblog

THE CLUNKERS PROGRAM EXCEEDED EVERYONE'S EXPECTATIONS Despite a lot of skepticism from industry analysts, the "Cash for Clunkers" program exceeded just about everyone's expectations. It brought in new customers, cleaned out a lot of old inventory, and started putting auto workers back to work. ...

Summer Sales Boom: J.D. Power predicts August sales will jump to 1.1 million units 3 months ago on Autoblog

2009 has been a sales disaster for the automotive world, as industry figures have dropped to the lowest levels in three decades. Cash for Clunkers has been a boon for the otherwise poor year, though, as hundreds of thousands of Americans have traded in their old cars for new, more fuel efficient ...

BREAKING: Cash for Clunkers ends 8PM Monday night 3 months ago on Autoblog

It's been a fun ride, hasn't it? The federal government's Cash for Clunkers program began with a bang on July 24th and, despite the original plan having it last until Labor Day, will officially end next Monday night (August 24th) at 8PM. The end date was announced today by U.S. Transportation ...

GM to reimburse dealers until Cash for Clunkers rebates arrive 3 months ago on Autoblog

If there's one thing that General Motors knows right now, it's that Cash for Clunkers is good for business. The automaker announced earlier this week that it was adding shifts at several assembly plants to increase production of popular vehicles in response to the program's success. So it would ...

Feds reportedly preparing Cash for Clunkers "wind down" plan 3 months ago on Autoblog

When Cash for Clunkers Version 1.0 hit the ground running like Hussein Bolt in the 400 meter relay, the U.S. government was caught a little flat-footed by the sheer volume of demand. As a result, after only a few days after C4C was started, the government was looking to shut down the program, and ...

REPORT: More automakers increase production to meet Cash for Clunkers demand 3 months ago on Autoblog

The Ford Focus isn't the only vehicle to have its production increased as a result of Cash for Clunkers. The government trade-in incentive program has resulted in a marked increase in demand for vehicles of all shapes and sizes, prompting many automakers to increase production in order to meet ...

REPORT: Trans. Dept. hires more people to process Cash for Clunkers dealer rebates quickly 3 months ago on Autoblog

If you ask customers with old, inefficient vehicles that are about to be traded in for a $4,500 voucher towards the purchase of a new car, they'd undoubtedly call the Cash for Clunkers program a smashing success. Ditto for automakers that are ramping up production in an effort to keep dealerships ...

BREAKING: GM ups production due to Cash for Clunkers, 1,350 union workers back on the job 3 months ago on Autoblog

General Motors announced an increase in North American production this afternoon that has no doubt been brought on by the success of the federal government's Cash for Clunkers program. The increase will add shifts at facilities in Lordstown, OH, which produces the Chevy Cobalt, and the CAMI ...

REPORT: Cash for Clunkers is costing charitable organizations donations 3 months ago on Autoblog

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 ...

Automotive Stimulus Plan offers incentive aimed at Cash for Clunkers rejects 3 months ago on Autoblog

Have you experienced the crushing disappointment of arriving at your local dealer all ready to plunk down some hard earned income for a new car thanks to the government's Cash for Clunkers program, only to find out that your trade-in, which you thought was a clunker, really isn't? Chances are you ...

Ask Autoblog: Why doesn't my guzzler qualify as a clunker? 3 months ago on Autoblog

We've been hearing plenty of horror stories this past week about people trying and failing to trade in their vehicles under the Cash for Clunkers program. We recently received an e-mail from a reader named Rex asking about his particular case. Unfortunately, a big part of the problem is either ...

Report: Some dealers making C4C shoppers sign rebate payback contracts 3 months ago on Autoblog

Some car dealerships have a lousy reputation in the honesty and integrity department, and often the rep is well earned. It's unfortunate for the honest dealers out there, but every time a slimy story surfaces, it casts a bad light on the entire business of selling cars. With Cash for Clunkers ...

Cash for Clunkers to allow reservation of popular models that run out 3 months ago on Autoblog

The first half of 2009 was so poor in terms of car sales that automakers had to shut down factories for weeks and even months at a time in order to keep inventory in check. Now that Cash for Clunkers put a jolt back into car sales towards the end of July, the same dealers who weren't ordering ...

Auto upswing: J.D. Power predicts sales jump for 2010 3 months ago on Autoblog

Cash for Clunkers has helped automakers sell more cars while also clearing out some excess inventory on dealer lots. But the sales boost of C4C is only expected to last so long, as many analysts expect the program to run its entire budget by Labor Day. Does that mean the months ahead will revert ...

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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