Posted on 09/01/2009 7:15:15 AM PDT by Erik Latranyi
Auto makers will release their monthly sales reports Tuesday and they're expected to show the first year-to-year increase since 2007. While the Cash for Clunkers program is getting all the credit, local car dealers are still waiting for their cash.
During the month long program, Billion Automotive sold close to a thousand vehicles but has only been reimbursed for 272 of them. Vern Eide sold over 200 cars and has only been paid for 27 of them, and that's fueling lots of concerns in the auto industry.
Billion Automotive cashed in during Cash for Clunkers, but owner Dave Billion is still waiting for the rest of his money from the government run program, $3.2 million.
(Excerpt) Read more at keloland.com ...
What is the saying?
“Hope in one hand, crap in the other, and see which fills up faster”
LOL...love the pic. OTOH, we should give the US back to its native population being we screwed them so hard...right?
I heard Minnesota got “Brett Favre” in the cash for clunkers program ...
I thought he was retired. lol
He did OK last night.
Impose interest and penalties.
I wish everyone had a real appreciation of the incompetence of the Bureau of Indian Affairs for the last 150 years.
Your post qualifies as “Post of the Day”. It is dead on.
I would like to see Congress impose a 1% increase in the income taxes of anyone who purchased a car under this program until they money is paid back!
Local Chevy dealership is owed in excess of $700,000. My dad took my grandfather to look for a Malibu and the salesman was telling them what a joke the program was and how the amount of paperwork they had to deal with bogged them down administratively. They were glad to see it end.
What do the dealers do? They paid the money and aren’t getting it back. Does the government think that all businesses have an infinite supply of money? Does the government care if the dealers have to go out of business?
Hey sour grapes, I guess you didn't get a new car, huh?
That's right and I want my money back!
THERE PROBABLY IS NO MONEY TO PAY THE CASH FOR CLUNKERS WITH.
“Does the government think that all businesses have an infinite supply of money?”-——yes
“Does the government care if the dealers have to go out of business?”———no.
There is no desire to pay for the program, in fact it will turn into a bail out that makes the dealers virtual slaves.........they will get payed but they will have to buy green cars to get their money......its coming,more control.
Our Subaru dealer tells us he sold 58 cars and has been paid for just three.
He did VERY well last night.
Compared to all the drops for Eli Manning, I’d say the Vikings are in great shape to go forward.
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