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 num... Read More
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, inc... Read More
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 rec... Read More
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... Read More
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 ... Read More
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... Read More
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 di... Read More
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, thi... Read More
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, us... Read More
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 ... Read More