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.

Auto Pacific Announces Vehicle Satisfaction Awards

AutoPacific announced its 13th Annual Vehicle Satisfaction Awards (VSA). The top ranked auto manufacturer for the second year in a row is Cadillac. Cadillac was ranked highest among 25,000 new car owners for 2009. This proves that General Motors is building good cars...with satisfied owners. Much of the public is till under the assumption that American cars are not made as well as the Japanese vehicles. It is simply not true anymore!

This has been a turbulent year for GM with sales down substantialy, and the auto industry in such turmoil. This year has been one of the most dismal sales years for the automobile business in recent history.

The VSA award is coveted among auto manufacturers since earning this award will result in sales in the showroom. Also, friends will ask their friends and co-workers typically ask if they like their new car....the real test is if they would buy this car again.
The manufacturer that has increased their satisfaction with their vehicles the most for 2009 is Hyundai! They have come a long way since 1986 when they started selling cars here in the U.S. They moved up eleven spots in the Overall brand satisfaction ratings earning 2009 Rising Star Award. Outlined below are the passenger cars...if anyone is interested in the light truck category go to Auto Pacific.

• Premium Luxury Car - Lexus LS


• Aspirational Luxury Car - Hyundai Genesis


• Luxury Large Car - Lincoln Town Car


• Luxury Mid Size Car - Lexus ES


• Premium Mid Size Car - Hyundai Sonata


• Mid Size Car - Ford Fusion


• Image Compact Car - Toyota Prius


• Compact Car - Mitsubishi Lancer


• Economy Car - Honda Fit


• Sports Car - Porsche 911

Summary:

The VSA is a factor that everyone buying a new car should consider. If a car earns the top honor in the Auto Pacific VSA, then it should be put on your shopping list and worth a test drive. There are still a number of other factors to consider such as the styling, drive ability, price, deal, rebates etc.

Car and Driver 10 Best Awards 2009

As I have mentioned in previous posts, it is a good idea to use various guides in purchasing a car. Here is one of my favorites Car and Drivers 10 Best Cars. The staff at Car and Driver are serious car enthusiasts, so if they pick a car for this list then that should be a serious consideration on your list.

"The cars are judged on three points. The first is how each car performs their intended duties. Second, they consider how engaging a car is on an emotional level. Lastly, they look at how competitive a car’s pricing is for the levels of versatility, practicality, and fun it offers. They are looking for value in their selections and highlight those cars that possess it. Check out these Car and Driver videos!

• BMW 3-Series/M3 Video
• Cadillac CTS/CTS-V Video
• Chevrolte Corvette Video
• Honda Accord Video
• Honda Fit Video
• Infinity G37 Video
• Jaguar XF Video
• Mazda MX-5 Miata Video
• Porsche Boxter & Cayman Video
• Volkswagon GTI Video

Eligibility for 10Best is determined based on newness and past 10Best success. All cars either new or significantly redesigned are allowed. Additionally, cars that made the list in 2008 are automatically invited back for 2009, providing they still clear the price cap—2.5 times the average newcar transaction price for all light-duty vehicles sold through August of the previous year, or $71,000 this time around.

If a car fails to make the list its first year on the market, it’s out of contention until a significant redesign renews its eligibility. Conversely, if a car consistently impresses Car and Driver enough to be voted to the list year after year, it can remain on the list indefinitely, even if it receives no updates. But all eligible cars must be available for sale no later than January 2009.