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Cash for Clunkers sales by manufacturer. The US Cash for Clunkers program (CARS) ended Tuesday night with 690,114 dealer transaction submitted worth $2,877.9 Click to enlarge. Eighty-four percent of consumers traded in trucks and 59% purchased passenger cars. mpg: a 58% improvement.
The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. —Michael Wiles.
In the aftermath of the summer sales boom fueled by the US Cash for Clunkers program, September 2009 light duty vehicles sales dropped back to pre-incentive lows. General Motors dealers in the United States delivered 155,679 light duty vehicles in September, down 45% year-on-year. Reported hybrid sales by month. General Motors.
Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% GM dealers delivered 189,443 total vehicles in July, a 19.4% Monthly new vehicle market share for hybrids. Click to enlarge. to 997,824 units, according to summary figures from AutoData.
If you have a clunker and you want to trade it in and get a $3,500 or $4,500 rebate for a new vehicle under the Car Allowance Rebate Systems (CARS) program. Do it right now, today, and get to your dealer no later than 4 pm. But call first , to make sure the dealer is still doing. STOP WHAT YOU'RE DOING.
Consumers will be able to browse California dealer online showrooms, ask questions, negotiate prices, and arrange financing and payment to purchase a new 2008, 2009 or select 2010 car, crossover or truck online.
The US Cash for Clunkers scheme ran out of cash on Tuesday with 690,114 dealer transactions submitted. The state that requested the largest share of the cash for clunkerscash was California with 11.3 So did it achieve its objectives? Let’s look at the evidence. per cent; and New York at 5.4
The programme, which has been dubbed ‘cash for clunkers’, was signed into law on June 24 with issuance expected to occur on July 23. Dealers apply a credit at purchase - no voucher is needed. Dealers apply a credit at purchase - no voucher is needed. So how will the US scheme work?
The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. Transportation Secretary Ray LaHood announced on Thursday that after a successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. billion in rebates.
Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. Cash for Clunkers.
According to a report from Automotive News , dealers are getting worked up about the prospect of not receiving money swiftly enough — mimicking some of the hardships endured during the Cash-for-Clunkers period. Since some of that isn’t settled yet, dealers are getting anxious. Car dealers are asset rich and cash poor.
We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program. Meanwhile, carmakers and dealers that sell high-efficiency and plug-in cars will, for the first time, get a new revenue stream from upgrading vehicles they've already sold.
The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”.
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