Skip to main content

c4c

  • 0
    Report: Brookings Institution says Cash For Clunkers was a bust
    1383412200

    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 ...

  • 0
    Report: Inmates, deceased among those who scored 2009 auto tax break
    1307651340

    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 ...

  • 0
    Report: China reboots Cash For Clunkers program
    1307649660

    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 ...

  • 0
    Cash for Clunkers fraud investigation begins
    1282681500

    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 ...

  • 0
    Report: Despite C4C, more old cars being scrapped than new ones purchased
    1270416540

    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 ...

  • 0
    Cash for Clunkers more than twice as effective as first thought?
    1268233200

    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 ...

  • 0
    Report: Japan opens Cash-for-Clunkers to U.S. brands
    1263924120

    Japan's Transport Minister Seiji Maehara saying words we put into his mouth
    Curiously, there was actual outrage in Congress recently over the fact that American cars were left out of Japan's version of a Cash-for-Clunkers program. We say curiously because Congress has been pretty copacetic for ...

  • 0
    Detroit 2010: Transportation Secretary LaHood ponders another round of cash-for-clunkers
    1263486540

    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 ...

  • 0
    Report: Obama urged to push Japan to open its cash-for-clunkers program to U.S.
    1262898060

    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 ...

  • 0
    Report: Senator calls for audit of Cash-for-Clunkers program
    1262811480

    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 ...

  • 0
    REPORT: Detroit Three call Japan's cash-for-clunkers program unfair
    1260545520

    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. ...

  • 0
    Empire Strikes Back: White House calls out Edmunds on Clunkers story, Edmunds responds
    1256923860

    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 ...

  • 0
    Edmunds: Cash for Clunkers cost taxpayers $24k per car, not $4k
    1256828340

    Cash for Clunkers vehicles – Click above for high-res image gallery
    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. Customers who purchased a ...

  • 0
    Hard to Handle: Recyclers reportedly facing crush of cars after C4C
    1256738340

    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 ...

  • 0
    STUDY: Used car prices reached all-time high in September
    1255467480

    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 ...

  • 0
    Average new car mpg levels hit record high in August, spurred by Cash for Clunkers
    1254313140

    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 ...

  • 0
    British 'Cash For Clunkers' to get extension
    1254151740

    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 ...

  • 0
    Official Cash for Clunkers trade-in list reveals oddities too strange to believe
    1253811480

    Cash for Clunkers claimed some really interesting vehicles - Was a Buick GNX among them?
    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 ...

  • 0
    Cars.com survey says public wants more Cash for Clunkers. Well, of course they do.
    1253718000

    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 ...

  • 0
    REPORT: 90% of Cash for Clunkers claims have been paid
    1253608320

    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 ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle