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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.

36Inmates, deceased among those who scored 2009 auto tax break

When Cash For Clunkers was announced in 2009, the federal government promised to keep close tabs on the vouchers that were paid out in exchange for clunkers. Problem is, the program led to 4.3 million taxpayers receiving $7.2 billion if vehicle deductions in the span of only a few months. So it should come as little surprise that some less-than-reputable deals passed through the C4C juggernaut, including vouchers for criminals in jail, dead people and children.

10China reboots Cash For Clunkers program

If there's been a single reason for hope among auto executives during the past few lean years, it's been spelled C-H-I-N-A. Despite being a difficult regulatory environment with many hoops for automakers to jump through, the People's Republic has shone as the industry's brightest and biggest hope for big volumes and bigger profits. Certainly, the nation has delivered massive sales increases as it has developed into a global superpower, and its population and growing wealth suggests it should be

32Cash for Clunkers fraud investigation begins

Where there's money, there's fraud, and that appears to have been true with last year's Cash for Clunkers program. According to a report from USA Today, the federal government is investigating around 20 dealers that may have violated the terms of the car-swapping scheme. So far, a total of nine dealerships have paid $71,500 in fines as a result of the National Highway Transportation Safety Administration's findings.

24Report: Despite C4C, more old cars being scrapped than new ones purchased

A new study by R.L. Polk & Co. finds that more Americans scrapped their old vehicles than bought new ones, even during the height of the Cash for Clunkers program. The study took place over a 15-month period ending last September. During that time, a total of 14.8 million vehicles were scrapped in the U.S., while just 13.6 million new registrations were issued. The report said that U.S. scrap rates had risen to 6.9 percent of the country's total vehicle fleet in October of 2009, compared to

48Cash for Clunkers more than twice as effective as first thought?

In what might turn out to be one of the biggest games of "he said, she said," in the history of the world, Maritz Research, an automotive market research company, is claiming that the government's Cash for Clunkers program actually boosted auto sales by much more than previously thought. Maritz is crediting the program with 765,000 new vehicle sales, higher than the 677,000 claimed by the government, and much, much higher than the 125,000 sales that Edmunds.com famously quoted. In fact, it's mor

49Report: Japan opens Cash-for-Clunkers to U.S. brands

Japan's Transport Minister Seiji Maehara saying words we put into his mouth

100Detroit 2010: Transportation Secretary LaHood ponders another round of cash-for-clunkers

Cash-for-Clunkers was among the more watched auto-related story lines of 2009. With the industry hurting, the government provided cash vouchers of between $3,500 and $4,500 to anyone who turned in a vehicle that was eight (or more) years-old and with between two and 10 miles-per-gallon worse fuel economy numbers than the new car or truck with which it was replaced. The program went from fledgling idea to a done deal in a matter of a few months, showing that the U.S. government is capable of move

81Detroit 2010: Transportation Secretary LaHood ponders another round of cash-for-clunkers

Cash-for-Clunkers was among the more watched auto-related story lines of 2009. With the industry hurting, the government provided cash vouchers of between $3,500 and $4,500 to anyone who turned in a vehicle that was eight (or more) years-old and with between two and 10 miles-per-gallon worse fuel economy numbers than the new car or truck with which it was replaced. The program went from fledgling idea to a done deal in a matter of a few months, showing that the U.S. government is capable of move

77Report: Obama urged to push Japan to open its cash-for-clunkers program to U.S.

Like everywhere else on the planet, new car sales are down in Japan (17 percent versus 2008 levels, to be exact). And, like a number of other countries, Japan has decided to spur automobile sales by creating a cash-for-clunkers-style program at a cost of $3.7 billion. Unlike similar programs from other countries, including the one that ended late last year in the U.S., Japan has drafted a set of rules that strongly favors its own automakers – in effect precluding American cars from qualify

27Report: Senator calls for audit of Cash-for-Clunkers program

Remember that insane list filled with great cars that were reportedly crushed under the Cash-for-Clunkers program? We were wondering if and when the federal government would thoroughly audit dealers who cashed in products like a 2006 Cadillac STS, an Audi S6 or a 2008 Foose F-150. That still may or may not happen, but apparently isn't the chief concern of Iowa Senator (R) Charles Grassley.

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

6Feds mull an extra three months to crush Cash For Clunkers victims

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.

111Empire Strikes Back: White House calls out Edmunds on Clunkers story, Edmunds responds

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 generated 690,000 sales by providing $3,500 and $4,500 vouchers to car buyers who turned in their eligible car or truck in exchange for a more fuel efficient ride. From here on in, Edmunds and the White House seem to be at considerable odds.

26Empire Strikes Back: White House calls out Edmunds on Clunkers story, Edmunds responds

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 generated 690,000 sales by providing $3,500 and $4,500 vouchers to car buyers who turned in their eligible car or truck in exchange for a more fuel efficient ride. From here on in, Edmunds and the White House seem to be at considerable odds.

48Edmunds: Cash for Clunkers cost taxpayers $24k per car, not $4k

Cash for Clunkers vehicles – Click above for high-res image gallery

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.

15STUDY: Used car prices reached all-time high in September

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 August. That's the ninth straight increase this year, as Manheim's index has steamrolled northward by 6.9% over the past 12 months.

22Average new car mpg levels hit record high in August, spurred by Cash for Clunkers

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 new record of 23 miles per gallon in August, which is a gain of approximately eight percent from August of 2008.

3Average new car mpg levels hit record high in August, spurred by Cash for Clunkers

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 new record of 23 miles per gallon in August, which is a gain of approximately eight percent from August of 2008.

8British 'Cash For Clunkers' to get extension

We've seen this before, haven't we? Government institutes program to spur auto sales by offering car buyers a federal incentive to turn in an old car for a shiny, efficient new one, leading to sales growth, which later leads to no money in the program and the request for an extension. Our British friends across The Pond are reportedly looking to provide an extension to its version of Cash for Clunkers, which allocates £2,000 (nearly $3,200 USD) towards a new vehicle when a vehicle 10 years

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