Tuesday, August 4, 2009

Cash For Clunkers Program To Be Extended


It appears that Senate Democrats have enough votes to win passage of the additional $2 billion dollars for the Cash For Clunkers program. The additional funds should take the program thru September.

The program appears to have motivated auto buyers into new car dealer showrooms. The Obama administration indicated that the program would end on August 7th without additional funding. The program appears to be a major success with increased sales and taken gas guzzlers off the road.

Here are the top ten cars purchased with the Cash for Clunkers program. The Ford Focus is shown above. The top ten cars sold are basically economy cars.

  • 1. Ford Focus
  • 2. Honda Civic
  • 3. Toyota Corolla
  • 4. Toyota Prius
  • 5. Ford Escape
  • 6. Toyota Camry
  • 7. Dodge Caliber
  • 8. Hyundai Elantra
  • 9. Honda Fit
  • 10. Chevrolet Cobalt



Listed below are the Cash For Clunkers trade-ins. The list is comprized of mainly SUV's and minivans.
  • 1. 1998 Ford Explorer
  • 2. 1997 Ford Explorer
  • 3. 1996 Ford Explorer
  • 4. 1999 Ford Explorer
  • 5. Jeep Grand Cherokee
  • 6. Jeep Cherokee
  • 7. 1995 Ford Explorer
  • 8. 1994 Ford Explorer
  • 9. 1997 Ford Winstar
  • 10. 1999 Dodge Caravan

SUMMARY:

This is definitely a good deal for consumers! Most of the cars listed above are economy cars, so if a consumer buys a vehicle that costs $15000. Then take the $3500 or $4500 a federal rebate....in addition to the discount on the vehicle plus any incentives from the manufacturer.

9 comments:

  1. Hello Peter,

    Is it not this kind of thing that got us into to this mess in the first place. It is to go until Sept. Lets see if this can last longer than two weeks.

    Dan and Deanna "Marketing Unscrambled"

    ReplyDelete
  2. Hi Dan & Deanna,

    Yes, our government has given money away to corporations left and right! Unfortunately, we the people are going to have to pay!

    This program has given the auto companies more bang for the buck than the tens of billions given to them. It is similar to what the Germans did....they have handled this economic situation the best.

    Thanks for your comment!

    Pete Baca
    The Car Enthusiast Online

    ReplyDelete
  3. Hi Pete .. it looks like our car sales have increased by 2% here .. not sure for which period .. but announced today ... so the cash exchange has worked here .. we have a double spike in the year .. when the number plates change - March and September ..

    Thanks .. we'll see!
    Hilary Melton-Butcher
    Positive Letters Inspirational Stories

    ReplyDelete
  4. Hello Peter,

    Is this true that the dealerships that signed up for the cash for clunkers signed away the rights to have the company records private? The Government has the right to all the record of any kind for the business. They have access anytime they want to the computers and other things of that business. This is very concerning how far this bunch is going with all of these kinds of things. What can you tell us?

    Dan and Deanna "Marketing Unscrambled"

    ReplyDelete
  5. Hi Hilary,

    Good to hear that your Cash for Clunkers program is working! The news from England has been that it has been a contentious program.

    The program has been difficult to pass here with the Republicans opposing the program. But, it appears that the public really like the program.

    Thanks for the good news from England!

    Pete Baca
    The Car Enthusiast Online

    ReplyDelete
  6. Hi Dan & Deanna,

    It is my understanding with the Cash for Clunkers program that the dealers are receiving the funds from the government directly. They have to certify that the vehicle has been destroyed and will not be resold.

    The government has the ability to audit the dealerships to verify compliance with funds and vehicles. So, they do have a limited ability to audit the dealers. I think that based upon my experience with dealers that they should....dealers have not been known to very honest.

    Thanks for your great question!

    Pete Baca
    The Car Enthusiast Online

    ReplyDelete
  7. hello Peter,

    Thank you for the answer to the question. Know what you mean about the honesty of dealers.

    Dan and Deanna "Marketing Unscrambled"

    ReplyDelete
  8. Hi Dan & Deanna,

    Unfortunately, dealers are less than honest in many cases. They have tried every trick in the book on me....so I have to keep my eyes on the transaction all the way thru.

    I will have to say that I have done business with some exceptional dealers but they are not the norm.

    Glad to help anytime! Thanks for your questions!

    Pete Baca
    The Car Enthusiast Online

    ReplyDelete
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    Susan

    http://pay-dayadvance.net

    ReplyDelete