Cash for Clunkers

Cash for Clunkers Two Years Later

By Kelsey Mays on Mon Oct 10 02:59:30 GMT-06:00 2011


It’s been just over two years since the federal government’s $3 billion Car Allowance Rebate System — better known as Cash for Clunkers — took 677,081 used cars off the road, spurring an equal number of new-car sales in a… Read More

Cash for Clunkers Two Years Later

By Kelsey Mays on Mon Oct 10 02:59:30 GMT-06:00 2011

It’s been just over two years since the federal government’s $3 billion Car Allowance Rebate System — better known as Cash for Clunkers — took 677,081 used cars off the road, spurring an equal number of new-car sales in a… Read More

Top 10 Best-Selling Cars: August 2010

Top 10 Best-Selling Cars: August 2010

By Colin Bird on Tue Aug 31 21:03:20 GMT-06:00 2010

Cash for Clunkers continues to cast a long shadow: Big automakers had what looks to be a bad month, but last year the popular government program dramatically boosted the sales of many models, including the Toyota Camry, Honda Civic, Honda… Read More

Sales Surge for Family Cars, More Expensive Vehicles

Sales Surge for Family Cars, More Expensive Vehicles

By David Thomas on Mon Aug 02 21:39:53 GMT-06:00 2010

Cash for Clunkers infused $1 billion into car shoppers’ hands at the end of July 2009, boosting overall sales numbers for nearly every automaker during one of the industry’s worst periods in recent history.   We wrote a number of… Read More

Cash for Clunkers Haunts Car Dealers Turned Candidates

Cash for Clunkers Haunts Car Dealers Turned Candidates

By Stephen Markley on Wed May 12 05:33:17 GMT-06:00 2010

Running for office has always had some overwrought theatrics, and a small group of car dealers running for U.S. Congress in the 2010 midterm elections has stumbled upon a political landmine that’s created opportunities for grandstanding and double talk. Four… Read More

Feds: Cash for Clunkers Worked, but Uncertainties Remain

Feds: Cash for Clunkers Worked, but Uncertainties Remain

By Stephen Markley on Fri Apr 30 03:51:35 GMT-06:00 2010

The Cash for Clunkers program succeeded in its broad, basic objectives of providing economic stimulus to a struggling industry, but ultimately the results are difficult to gauge, according to a report by the Government Accountability Office. Despite Cash for Clunker’s… Read More

Cash for Clunkers Sold More Cars Than Previously Thought

Cash for Clunkers Sold More Cars Than Previously Thought

By Stephen Markley on Wed Mar 10 05:44:00 GMT-06:00 2010

The Cash for Clunkers program sold far more cars than even the government thought at first, according to an analysis conducted by the automotive market research company Maritz Research. Martiz says Clunkers was responsible for 765,000 new vehicles sold. Some… Read More

Clunkers Buyers May Have Some Regrets, Late Payments

Clunkers Buyers May Have Some Regrets, Late Payments

By Stephen Markley on Fri Jan 22 03:01:00 GMT-06:00 2010

Higher credit risk buyers who bought a car using the Cash for Clunkers incentive last year have higher repossession and late payment rates and higher levels of buyer's remorse than buyers who did not use the program, according to CNW… Read More

Clearing Up Tax Rules on Clunkers Cash

Clearing Up Tax Rules on Clunkers Cash

By Stephen Markley on Tue Nov 17 20:50:00 GMT-06:00 2009

Recently, rumors have sprouted on the Internet that consumers who took advantage of Cash for Clunkers will have to count the program’s rebate as income and pay taxes on it. For the record, this is not true. The Internal Revenue… Read More

Used-Car Prices Dipping Back Down

Used-Car Prices Dipping Back Down

By David Thomas on Tue Nov 10 05:14:20 GMT-06:00 2009

The Cash for Clunkers program definitely led to higher used-car prices over the past few months. In fact, wholesale prices for used cars hit an all-time high in September; this past December, used-car prices were at a record low. Last… Read More

Oregon Clunker Customers Get Scrapping Checks

Oregon Clunker Customers Get Scrapping Checks

By Stephen Markley on Thu Oct 15 19:35:00 GMT-06:00 2009

Some Oregon car buyers who traded in their old vehicles for more fuel-efficient models under the Cash for Clunkers program got an unexpected bonus check in the mail. In addition to the $3,500 or $4,500 discount they received on their… Read More