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Keyword: cashforclunkers

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  • The New York Times and the rehabilitation of Steven Rattner

    10/06/2015 9:04:49 AM PDT · by george76 · 9 replies
    Columbia Journalism Review ^ | FEBRUARY 20, 2013 | Ryan Chittum
    The New York Times is declaring that disgraced private equity mogul Steven Rattner has gotten his reputation back in the Manhattan lunch circles that matter. This was probably only a matter of time given that it was the Times itself that played a leading role in his rehabilitation. It’s Andrew Ross Sorkin, naturally, who pronounces the cleansing complete, even wondering aloud if Rattner could be a Treasury secretary someday. This about a guy who just two years ago paid $16 million to settle SEC and New York lawsuits against him for taking part in a kickback scheme with public officials...
  • NYT Has Hillary Fundraiser, Fined CEO Steven Rattner Writing About Fiorina

    10/06/2015 9:19:09 AM PDT · by george76 · 2 replies
    Newsmax ^ | 27 Sep 2015 | Greg Richter
    Steven Rattner, a fundraiser for Democrat Hillary Clinton and someone who was fined by the SEC, has a column criticizing Republican presidential candidate Carly Fiorina in The New York Times titled "Carly Fiorina Really Was That Bad." ... "Not mentioned by the Times is the fact Rattner was once President Obama‘s 'Car Czar' back during the Cash-for-Clunkers days. He’s also a major fundraiser for (drumroll…) Hillary Clinton." Rattner also paid $10 million in fines to the Securities and Exchange Commission in 2010 for alleged involvement in a New York State pension fund scandal. ... What’s next, Grey Lady? Can we...
  • Obama’s Economy In Action! Data Shows Cash For Clunkers Was An Epic Debacle

    08/10/2014 2:43:53 AM PDT · by afraidfortherepublic · 36 replies
    The Daily Caller ^ | 8-10-14 | Eric Owens
    “Cash for Clunkers,” the 2009 Obama administration stimulus program designed to spend $2.85 billion to jumpstart the auto industry, turned out to be a complete disaster — for the auto industry. In the minds of Obama’s team of advisers and economists, the program made total sense, of course. The plan was to dangle a $4,500 credit to persuade car owners to trade in their older automobiles for new cars with better fuel efficiency. It would stimulate an economy then in the midst of a deep recession. As a bonus, it would mean less oil consumption and cleaner-running cars. The law...
  • Oops! Obama’s Cash for Clunkers program ‘actually lowered total new vehicle spending’

    08/07/2014 10:06:33 PM PDT · by 2ndDivisionVet · 12 replies
    The American Enterprise Institute ^ | August 4, 2014 | James Pethokoukis
    Back in 2008, economist Alan Blinder called the idea of a “cash for clunkers” federal rebate plan “the best stimulus idea you’ve never heard of.” But more and more analysis of the program suggests “cash for clunkers” will be a stimulus idea we’ll never hear of again. “Cash for Corollas: When Stimulus Reduces Spending by Mark Hoekstra, Steven Puller, and Jeremy West finds the programs merely pulled forward car sales from the subsequent seven to nine months and thus “had no impact on the number of vehicles sold.” This counters the Obama White House claim that “a substantial proportion of...
  • Almost anything would have been better stimulus than ‘Cash for Clunkers’

    11/03/2013 8:29:00 PM PST · by Olog-hai · 29 replies
    Washington Post ^ | October 31, 2013 11:09 am | Brad Plumer
    When the Obama administration first proposed its “cash for clunkers” plan in 2009, the reaction was generally favorable. Congress would spend $2.85 billion to encourage drivers to swap their old gas guzzlers for newer, more fuel-efficient cars. … But, as it turns out, the critics were on to something. A new analysis from the Brookings Institution’s Ted Gayer and Emily Parker found that the program was fairly inefficient as economic stimulus and mostly pulled forward auto sales that would have happened anyway. It also cut greenhouse-gas emissions a bit—the equivalent of taking up to 5 million cars off the road...
  • Why used cars are scarce - and expensive

    02/22/2013 8:04:48 AM PST · by SeekAndFind · 35 replies
    American Thinker ^ | 02/22/2013 | David Paulin
    Yes, Obama's Cash for Clunkers program is definitely one reason used cars are in increasingly scarce supply-- and much pricier than they used to be. But another reason relates to something liberals despise: "trickle down" economics or, in respect to the increasing scarcity of used cars, the fact that low-income used car buyers do better when wealthier Americans (those who can afford new cars) do better. The reason used cars have gotten increasingly scarce and expensive is the subject of a Wall Street Journal article, "Amid New Car Boom, Used Cars Are Gold." Its observations are illuminating: The shortage of...
  • Limbaugh: Cost Of Irene "Pales In Comparison" To Hurricane Obama (Video)

    08/29/2011 11:13:08 AM PDT · by Evil Slayer · 8 replies
    "Well, I want to tell you something: Hurricane Obama -- this irene. Whatever this Irene is going to cost us, it pales in comparison that has been the Hurricane that is the Obama administration. "The Obama administration, the Hurricane has cost us far more. And Byron York, while I was gone, great story, fabulous story on the source of all this deficit spending under Obama. The $4 trillion that they're spending. Everybody's focused on entitlements and he correctly points out it's not entitlements that have busted the budget here. Entitlements are known, the spending in entitlements. "What's been added to...
  • China plans 'cash for clunkers' program (Obama's influence goes across the Pacific)

    06/08/2011 6:57:10 AM PDT · by SeekAndFind · 14 replies
    SHANGHAI — China has announced a plan to pay up to nearly $2,800 for old vehicles headed to the scrap heap, in a move aimed at perking up slumping sales in the world's largest auto market. Vehicle owners can get subsidies of between 11,000 yuan-18,000 yuan ($1,700-$2,800) for old farm vehicles, city buses and heavy trucks, said a notice issued today by the finance and commerce ministries. The plan coincides with reports that China's vehicle sales fell by 14 percent in May from the month before after years of mostly double-digit growth. China's auto market surged to become the world's...
  • Is There A Shortage Of Used Cars?

    05/19/2011 9:34:41 AM PDT · by Iron Munro · 97 replies
    WHEC-TV Rochester, NY ^ | May 18, 2011 | Ray Levato
    If you've tried to buy a used car recently -- a lot of people are finding it hard to get what they want. There is something of a used car shortage going on. News 10NBC found out there are a number of factors why there are fewer used cars out there. One is -- more people are holding onto their new cars longer but also, there are fewer rental cars coming on the market and fewer people are leasing vehicles so therefore -- fewer of those cars are out there. Joan Kamisch is trading her 2000 Chevy Lumina for a...
  • Tell everyone -- this government has made transportation for the poor nearly impossible

    04/16/2011 9:37:32 PM PDT · by MeneMeneTekelUpharsin · 30 replies
    Common Sense Journal | 16 April 2011 | Mene Mene Tekel Upharsin
    Tell everyone you know! This government with its "Cash-For-Clunkers" program has deliberately ruined automobile transportation for the poor. Lower middle class and poor individuals nationwide simply can not find reasonably-priced cars to buy in which to transport themselves to perform necessary functions of life, ie: work, school, groceries, healthcare visits, etc. because the cars they can afford are gone. The price of gasoline has skyrocketed and all smaller cars with reasonable gasoline mileage have gone up so high in price the poor can NOT afford to buy them. Some folks are already beginning to ride bicycles to work (really). What...
  • The guy who first thought of “cash for clunkers” tells you it’s wasteful (Idea came from France)

    01/07/2011 3:03:44 PM PST · by 2ndDivisionVet · 3 replies
    Hot Air ^ | January 7, 2011 | Fausta Wertz
    Victor Dial writes in today’s WSJ, Ou Est Le ‘Cash for Clunkers’? Not surprisingly, the idea of subsidizing new cars came from France. You probably wonder who’s Victor, and what does he have to do with cash-for-clunkers? Most Americans wouldn’t know it, but the Cash for Clunkers model originated in Europe in the mid-1980s. I was in charge of sales and marketing for Peugeot at the time, and the government-incentive idea was co-developed by my company, Renault and the French government. Merci beaucoup for that beaut, Vic! Now, here’s what happened: the automakers wanted a handout, and the labor unions...
  • Bang! Pow! '60s-Style Batmobile Replicas for Sale

    09/30/2010 5:32:26 AM PDT · by Cowman · 22 replies
    Yahoo ^ | September 28, 2010 | Claudine Zap
    Bang! Pow! '60s-Style Batmobile Replicas for Sale by Claudine Zap • September 28, 2010 DC Comics has officially licensed Fiberglass Freaks to re-create, down to the flame throwers (working, natch), the futuristic car that the Caped Crusader drove in the 1960s TV series. For $150,000, you too could keep Gotham City safe. Or at least look really, really cool while sitting in traffic. Each car frame is built around a 1970s Lincoln Town Car. And only eight of these hand-crafted beauties roll off the factory floor each year. Company founder Mark Racop has been perfecting the design pretty much his...
  • Obama is selling clunkers to America

    09/24/2010 9:25:29 AM PDT · by Big Bureaucracy · 8 replies
    Big Bureaucracy ^ | September 24th, 2010 | Ellie Velinska
    After wasting $3 billion with the Cash for Clunkers program President Obama and his administration decided to take cash from the American people by selling them the government’s old cars. has been holding auctions where the public can buy the federal clunkers. As of today 249 trucks and semi tractors are available for auctioning, 248 cars and SUVs. You can bid for the Obama clunker on the picture here. Here are more examples of the federal government clunkers for sale: 1969 AM General M540, 1973 AM General M35A2C, 1985 Chevrolet CD30903, 1968 Ford F600. Maybe the President made...
  • Stimulus for Clunkers (The Data's Now In--Cash for Clunkers Was a Major Lemon)

    09/20/2010 9:06:17 AM PDT · by MissesBush · 7 replies
    <p>By now, the only defense Democrats can mount of the Obama stimulus programs is that the economy would have been worse without them. There's no way to disprove this counterfactual, but now we have some empirical evidence other than 9.6% unemployment and 1.6% growth.</p>
  • Finding good, used cars more difficult these days

    09/11/2010 7:30:20 AM PDT · by Inappropriate Laughter · 74 replies
    Bangor Daily News ^ | 9/10/10 | 9/10/10
    One of my sons had a car accident recently. The car was totaled but fortunately no one was injured. There was only basic insurance coverage, so we started the new (used) car search. Being male and somewhat into cars, this was a challenge that I savored. The eternal hunt for a good car deal is something that is fun in some ways. It is an opportunity to cast lots against the system, trying to find proper transportation by being a hunter-gatherer of the 21st century. Now, I am first to admit to being a bottom feeder when it comes to...
  • Auto sales: Worst August since 1983

    NEW YORK ( -- The nation's top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years. According to sales tracker Autodata, U.S. new vehicle sales fell just short of 1 million vehicles, a drop of 21% from a year ago, which included Cash for Clunkers. That federal program created a sugar rush of sales by dangling an incentive of up to $4,500 in cash for buyers who traded in older gas guzzlers for more efficient models.
  • Predictable: Obama's Cash For Clunkers...Hurting The Poor

    08/25/2010 6:35:14 PM PDT · by Neoavatara · 45 replies
    Neoavatara ^ | August 5, 2010 | Neoavatara
    Everyone with a brain knew what would happen. Unfortunately, those controlling Washington, D.C. these days are of questionable intelligence. What am I talking about? Obama's 'brilliant' Cash-for-Clunkers program.
  • Drivers regret Cash for Clunkers leases

    08/03/2010 11:10:44 PM PDT · by South40 · 55 replies · 172+ views
    Orange County Register ^ | 8/3/2010 | Mary Ann Milbourn
    Thousands of people who leased cars last year as part of the Cash for Clunkers program are having second thoughts and are trying to get out of their leases, reports The program provided up to a $4,500 rebate if a person signed at least a five-year lease for their car. A year later, that money has long been spent and people realize they are stuck with the car for four more years, says John Sternal, spokesman. "I think it's Cash for Clunkers remorse," Sternal says, whose company helps hook up people who want to trade out of their...
  • 9 months after the most economically atrocious piece of legislation in 2009 (Cash for Clunkers)

    03/22/2010 8:37:57 AM PDT · by SeekAndFind · 12 replies · 847+ views
    News N' Economics ^ | 03/22/2010 | Rebecca Wilder
    Okay, I've seen a lot of whoppers in my time, but the Cash for Clunkers legislation (CFF, colloquial for Car Allowance Rebate System) takes the cake. And today's CPI report reiterates the net welfare-reducing impacts of CFF on the economy. I present my case in three parts, but skip on down to point three if you want to see the gist of it. First, the cars that should have been scrapped were unlikely scrapped; better put: the bottom of the distribution of environmentally sound vehicles are still on the road. Why? The trade-in value for any given vehicle that qualifies...
  • Cash for Clunkers Buyers More Likely To Pay Late, Have Car Repossessed

    02/08/2010 10:02:33 PM PST · by 2ndDivisionVet · 17 replies · 670+ views
    Automobile Magazine ^ | January 21, 2010 | Steve Diehlman
    The Car Allowance Rebate System certainly helped carmakers sell more cars this summer than they would have in this troubled economy. But six months later, there's evidence that some "Cash for Clunkers" buyers have a higher repossession and late payment rate than the average consumer. According to CNW Research, the repo rate among high-risk CARS buyers is more than twice that of the same category of consumers that didn't utilize the program. Of subprime buyers who used the government-funded program, nearly 5 percent have had their newly purchased vehicles repossessed. The same group of buyers who didn't use the program...
  • Will the American People Finally Revolt? Federal indulgence and incompetence are too vast...

    01/04/2010 12:51:24 PM PST · by neverdem · 54 replies · 3,373+ views
    National Review Online ^ | January 04, 2010 | Deroy Murdock
    January 04, 2010, 0:00 a.m. Will the American People Finally Revolt?Federal indulgence and incompetence are too vast to catalogue. By Deroy Murdock Where is Nelson Mandela when we need him? In an especially memorable moment in Clint Eastwood’s fine new film Invictus, South Africa’s first black president (exquisitely portrayed by Morgan Freeman) inspects his first official paycheck. “This is terrible,” Mandela says. He decides he earns too much money and subsequently donates a third of his salary to charity. Thus was born the Nelson Mandela Children’s Fund. Mandela’s humility and fiscal restraint would be as exotic in the nation’s...
  • PICTURE GALLERY: Car Show Models These Girls Make A Living Posing...

    12/29/2009 2:14:38 PM PST · by Steelfish · 101 replies · 9,490+ views
    LATimes ^ | December 29, 2009
    PICTURE GALLERY: Car Show Models These Girls Make A Living Posing In Front Of The World's Hottest Cars [Pics in URL]
  • Clunker program clogs salvage yards

    12/06/2009 8:22:30 PM PST · by Darnright · 21 replies · 1,513+ views
    The Roanoke Times ^ | December 06, 2009 | Jeff Sturgeon
    A deadline looms for businesses to glean usable parts from hundreds of automobiles. Last summer's Cash for Clunkers program has clogged auto salvage yards with a glut of trade-ins that are too damaged to drive but too good to be sent directly to scrap. The less glamorous side of the auto industry is having trouble digesting the byproducts of the buying frenzy that put nearly 700,000 new automobiles on the nation's roads -- and took the same number off. The future of millions of usable auto parts is in limbo as a critical deadline looms this winter under the federal...
  • Many replacements for 'clunkers' were large trucks, SUVs

    11/05/2009 9:32:36 AM PST · by flowerplough · 14 replies · 611+ views
    Arizona Star ^ | 5 Nov | Ted Bridis
    <p>The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.</p>
  • 'Clunker' data show pickup-for-pickup trades

    11/05/2009 8:18:17 AM PST · by editor-surveyor · 45 replies · 1,273+ views
    Yahoo News ^ | November 5, 2009 | TED BRIDIS
    WASHINGTON – Billed as a way for the government to put more fuel-efficient vehicles on highways, the popular $3 billion Cash for Clunkers program mostly involved swaps of old Ford or Chevrolet pickups for new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press. The single most common swap — which occurred more than 8,200 times — involved Ford F150 pickup owners who took advantage of a government rebate to trade their old trucks for new Ford F150s
  • Obama Administration Rebuts Criticism of “Cash for Clunkers” Program

    10/31/2009 9:58:26 PM PDT · by John Semmens · 10 replies · 754+ views
    A Semi-News/Semi-Satire from AzConservative ^ | 31 October 2009 | John Semmens
    Recent disclosure that the so-called “cash for clunkers” government program that paid new car buyers up to $4500 each for the trade-in of qualifying vehicles actually cost taxpayers an average of over $24,000 per trade-in due to government “red tape,” prompted a scathing response on the web site. “Quibbling over the cost to taxpayers is both untimely and unseemly,” wrote an anonymous White House staffer. “The important objective is to pump money into the economy. It wouldn’t have mattered if we simply threw currency from the windows of a moving car. In this case, the government employees who processed...
  • The Beginning of the End

    10/30/2009 6:33:31 AM PDT · by dscott8186 · 7 replies · 481+ views
    The Publius Forum ^ | October 30, 2009 | Dan Scott
    To hear President Obama crow in vindication of his Stimulus Bill, one would think the light at the end of the tunnel is visible on the economic front. Obama has taken credit for the third quarter GDP growth of 3.5% as well he should. However, we need to examine what that growth was based upon and whether it was a bona fide growth of the economy or the counting of stolen booty. The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, private inventory investment, federal government spending, and residential fixed...
  • White House fights back on Cash for Clunkers(blows a gasket)

    10/29/2009 11:44:38 PM PDT · by TigerLikesRooster · 47 replies · 2,034+ views
    CNN ^ | 10/29/09 | David Goldman
    White House fights back on Cash for Clunkers Obama administration goes to battle with on Cash for Clunkers analysis, saying the program contributed heavily to last quarter's economic expansion. By David Goldman, staff writer Last Updated: October 29, 2009: 5:51 PM ET NEW YORK ( -- The Obama administration on Thursday lashed out at a prominent critic of its Cash for Clunkers program, arguing that the popular trade-in initiative helped give the auto industry and the economy a much needed boost in the past few months. In a blog post on, the administration argued that a report...
  • With ‘Cash for Clunkers’ Costing Taxpayers $24K Per Vehicle, How Much Will ObamaCare Cost Us?

    10/29/2009 12:34:47 PM PDT · by BobMcCartyWrites · 7 replies · 561+ views
    Bob McCarty Writes ^ | 10-29-09 | Bob McCarty
    Visit the federal government web site for the recently-concluded “Cash for Clunkers” program and you’ll find the program described as “enormously successful”. Contrary to that claim, however, research revealed yesterday that the program, which enabled a car buyer to pay as much as $4,500 less for a new vehicle, actually cost taxpayers $24,000 per vehicle sold.
  • Clunkers: Taxpayers paid $24,000 per car

    10/29/2009 8:50:50 AM PDT · by MissesBush · 13 replies · 869+ views ^ | 10/29/09
    Auto sales analysts at say the pricey program resulted in relatively few additional car sales. -- A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Still, auto sales contributed heavily to the economy's expansion in the third quarter, adding 1.7 percentage points to the nation's gross domestic product growth. Is the economy really getting better? The Cash for Clunkers program gave car buyers rebates of up...
  • Why Does Obama Hate the Poor? Part Two

    10/26/2009 9:17:04 AM PDT · by Mobile Vulgus · 6 replies · 353+ views
    Publius Forum ^ | 10/26/09 | Warner Todd Huston
    On August 13 I posted a piece wherein I facetiously asked "Why does Obama hate the poor?" Then I pointed out that the cash for clunkers program was likely to cause the price of used cars to skyrocket in the near future. I also asserted that the reason this will be so is because Obama's clunkers program was set to destroy hundreds of thousands of otherwise perfectly functional cars all of which would have ended up on the used car market were it not for Obama's interventionism. It really is the most simple principle of supply and demand, so simple...
  • Cash for Golf Carts

    10/18/2009 5:48:10 AM PDT · by stan_sipple · 8 replies · 1,667+ views
    The Volokh Conspiracy ^ | 10-18-2009 | Ilya Somin
    At least one group of needy Americans is getting timely government assistance during this recession – golf cart purchasers: We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama’s stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart. The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states...
  • So you think you got a deal when you traded n your "clunker"?

    10/06/2009 2:17:28 PM PDT · by Blood of Tyrants · 26 replies · 2,619+ views
    Email | unknown | Unknown took FEDZILLA up on its offer of $4500. dollars to trade in your old "Clunker" (interesting choice of words)? Well, let's see who got the best of that "deal"... If you traded in a clunker worth $3500, you got $4500 off for an apparent "savings" of $1000. You could have gotten $3,500 if you had just traded the car in. So you really are $1,000 ahead (depending on your clunker's value) at this point. Not too bad.... However, you WILL have to pay taxes on the $4500 come April 15th (something that no auto dealer will tell you). If...
  • Cash For Clunkers…The Final Chapter

    10/06/2009 1:07:23 PM PDT · by Biggirl · 8 replies · 530+ views ^ | October 6, 2009 | SoundOffSister
    The verdict is finally in on the “cash for clunkers” program, and I doubt that any rational person will applaud. I know you will find this hard to believe, but, it appears that new car sales weren’t “stimulated” at all, they were just moved from one time period to another.
  • Clunker hangover

    10/02/2009 7:42:34 AM PDT · by TheNewPundit · 9 replies · 531+ views
    MarketWatch ^ | 10/02/2009 | William Spain
    CHICAGO (MarketWatch) -- In the first month after the end of the "cash-for-clunkers" program, automakers on Thursday are reporting virtually across-the-board sales declines with Chrysler and General Motors seeing volumes nearly halved, but Ford not hit as hard as expected and even robust gains for Hyundai.
  • CHART OF THE DAY: The Amazing Cash-For-Clunkers Cliff Dive

    10/01/2009 11:47:30 PM PDT · by TigerLikesRooster · 28 replies · 2,048+ views
  • Clunkers fallout: sales slump

    09/24/2009 7:14:12 AM PDT · by Graybeard58 · 54 replies · 2,058+ views
    Waterbury Republican-American ^ | September 24, 2009 | Editorial
    The automotive-information Web site said it expects seasonally adjusted sales in September will be the worst of 2009, down 3 percent vs. February — "the darkest month of the recession" — and down 30 percent vs. last September "when the bottom was falling out of the economy." Dropping with the sales are the profits of dealers, who this month have had to goose incentives even as they carry hundreds of millions in debt as they wait for the government to make good on its Clunker vouchers. "The best month of the year for car sales is being quickly followed...
  • Cash For Clunkers Car Magically Becomes Trade-In For Opportunistic Dealer (Price: $5,995.00)

    09/22/2009 8:46:30 AM PDT · by fight_truth_decay · 77 replies · 2,695+ views
    The Consumerist ^ | Tue Sep 22 2009 | By Chris Walters
    A couple in California turned over their 2001 Nissan X-Terra for the Cash for Clunkers program, but a few weeks later they discovered that the dealer decided to put it back up for sale instead of destroying it as per the program's rules. The dealership says it never asked for the government credit and decided instead to treat the X-Terra as a trade-in. They never told that to the customers, however, who thought the X-Terra would be destroyed. The customers told the U.S. Department of Transportation that they participated in the program specifically to get the 17 MPG X-Terra off...
  • Another Obama program caught in undercover sting ('Milk it, baby – It's free money')

    09/21/2009 7:26:24 PM PDT · by SeekAndFind · 16 replies · 1,896+ views
    WorldnetDaily ^ | 9/21/2009 | Chelsea Schilling
    While President Obama delivers speeches praising the alleged success of Cash for Clunkers, a former rebate processor for the federal program is calling it "complete chaos." After the federal "Cash for Clunkers" program ended Aug. 24, the Department of Transportation reported that nearly 700,000 clunkers were taken off the roads and replaced by more fuel-efficient vehicles. Rebate applications worth $2.877 billion were submitted by the 8 p.m. deadline. The Transportation Department hired federal employees and private contract workers to process the rebates vouchers so car dealers would be compensated. Former White House aide Kathleen Willey was hired as an employee...
  • Car showrooms quiet after clunkers clamor ends

    09/19/2009 8:17:56 AM PDT · by Saije · 15 replies · 1,064+ views
    Boston Globe ^ | 9/19/2009 | Megan Woolhouse
    It has been nearly a month since the car-buying frenzy of the Cash for Clunkers program ended, and many area auto dealers are longing for the good old days of July and August. Like consumers nationwide, Massachusetts residents rushed to take advantage of the federal voucher program, which offered them up to $4,500 on old gas-guzzlers to be put toward the purchase of new, more fuel-efficient vehicles. About $65 million worth of vouchers were handed out statewide during the monthlong program that ended Aug. 24. But once the federal money dried up, so did the sales rally. Now, customers at...
  • Customers finding higher prices for used cars

    09/19/2009 6:03:48 AM PDT · by rockinonritalin · 33 replies · 1,182+ views ^ | September 19, 2009 | 9 WSYR-TV Syracuse
    Clay, New York (WSYR-TV) Fewer used cars on the lot are driving up the price for those in the market looking for another car. "Part of the problem why the price is going up because the availability of the cars is a little bit lower," says Tom Loving of Summit Chevrolet. The higher prices are making car shopping a little more difficult for Kara Hooker, who was searching for a used car Friday night at the Great Northern Mall. "I missed out on the Cash for Clunkers deal because my car is a Volkswagen and you don't get anything for...

    09/17/2009 12:09:52 AM PDT · by Cecilia Trent · 21 replies · 1,424+ views
    Team Sarah ^ | 09/17/09 | Unknown
    A vehicle getting 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline. A vehicle getting 25 mpg and 12,000 miles per year uses 480 gallons a year. So, the average Clunker transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles – so that's 224 million gallons per year. That equates to saving a bit over 5 million barrels of oil per year. I repeat - per YEAR. 5 million barrels of oil is about Ľ of one day's U.S. consumption. And, 5 million barrels of oil costs about $350...
  • "Cash for Clunkers" Fails to Help Chrysler and General Motors into Positive Territory - Video 9/8/09

    09/09/2009 6:27:10 AM PDT · by Federalist Patriot · 16 replies · 461+ views
    Freedom's Lighthouse ^ | September 9, 2009 | BrianinMO
    Here is video from NBC last night where Brian Williams reported that the Obama Administration's "Cash for Clunkers" program was underwhelming in helping Chrysler and General Motors. Of the big three American car makers, only Ford was up in August sales over August 2008, with a 17% gain. Chrysler was down 15%, and General Motors was down 20% - even with the "Cash for Clunkers" incentive. Toyota was up 6%. NOTE: What happens in the coming months with no government boondoggle incentive? . . . .(VIDEO)
  • Used Car Prices Rise After "Cash for Clunkers" Program.

    09/08/2009 9:21:57 PM PDT · by worrywart · 48 replies · 1,357+ views
    The Tuscaloosa News ^ | 09/08/09 | Dana Beyerle
    MONTGOMERY | The popular Cash for Clunkers program helped new car dealers, but it is dramatically raising the price of relatively inexpensive used cars, hurting the poor, dealers say. The Car Allowance Rebate System, commonly called Cash for Clunkers, took 690,000 operable cars out of the market, which is beginning to reflect effects of the shortage. A smaller supply of used cars over the next six months will affect the auto parts market that lower-income drivers and hobbyists rely on to keep their older cars running. Ronnie Watkins is a Ford dealer in Gadsden. He said he told his car...
  • Buyers Feel Regret as Cash for Clunkers Final Tally Is Released (Suprise!)

    09/08/2009 7:45:18 AM PDT · by 2banana · 89 replies · 3,659+ views
    Edmunds ^ | 08-26-2009 | Anita Lienert
    WASHINGTON — The Cash for Clunkers buzz is starting to wear off and it seems that some buyers are having serious second thoughts about getting on that government-funded bandwagon, according to a new survey. In the meantime, the U.S. Department of Transportation said that dealers by Tuesday's deadline had submitted a final total of 690,114 Cash for Clunkers deals for $2.88 billion in rebates. The total is just under the revised $3-billion budget for the four-week program. The new survey by CNW Purchase Path, of Bandon, Oregon, finds that of nearly 1,000 Cash for Clunkers participants, 17 percent say they...
  • Video: Car Crash: Dealers Say Slow Post 'Clunkers' Interest Signal Hard Times Ahead

    09/01/2009 12:59:01 PM PDT · by wrrock · 18 replies · 958+ views
    cars ^ | 9/1/2009 | cars
    Auto dealers are already starting to see consumer interest drop off now that clunkers is over. Watch video:
  • Car Dealers Still Waiting On 'Clunkers' Cash Reporting

    09/01/2009 10:41:31 AM PDT · by MissesBush · 9 replies · 509+ views
    CBS 2 Chicago ^ | 09/01/09 | Mai Martinez
    Here's the figure: $2.878 billion. That's how much money the government owes car dealers for the "Cash for Clunkers" program. More than $200 million of that is owed to dealers in Illinois and Indiana, so CBS 2's Mai Martinez checked with some of them to see how much money they've collected from Uncle Sam. Now that the popular program has ended, many dealerships are asking the federal government to "show me the money." CAPTURE MY CHICAGO: Send us your pictures of Chicagoland. You could get published in a book. "Out of 142 deals they owe us for, we've gotten paid...
  • Un-American and Unlawful White House Projects

    09/01/2009 6:06:45 AM PDT · by Kaslin · 32 replies · 1,499+ views ^ | September, 1, 2009 | Phillis Schlafly
    The Obama administration brags that Cash for Clunkers was a success because it revived the suffering auto industry. But who really benefited from this $3 billion program? The majority of cars bought with taxpayer-paid incentives of $3,500 to $4,500 each were foreign cars. Toyota and Honda were the big winners. For years, Americans have been pursuing the goal of self-sufficiency in oil, a natural resource essential to our standard of living. But the effort to get our government to revoke its ban on drilling for oil in American waters off of our shores has been consistently checkmated by the liberals...
  • Dealers Still Waiting For Clunker Cash

    09/01/2009 7:15:15 AM PDT · by Erik Latranyi · 24 replies · 811+ views
    Keloland Television ^ | 31 August 2009 | Don Jorgensen
    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...
  • What’s next? ‘Codgers for Caskets?’

    08/28/2009 9:25:26 AM PDT · by darrellmaurina · 6 replies · 386+ views
    Pulaski County Daily News ^ | 8/28/2009 | Dave Weinbaum
    What’s next? ‘Codgers for Caskets?’ Who says government can’t run business? Most everyone! That’s beside the point. Even Obama chides postal failure to dispatch letters across the United States sans profit. But now, the Obamanistas are in the car biz to the tips of their GM tail fins. Cash for clunkers, also knwn as “Send an Asian Child to College,” is now history. The feds have three big advantages against privately owned business: They don’t have to play by the rules, if the promotion tanks, there’s an endless supply of cash from us the taxpayers, and when that runs out,...