Archive for the ‘Cash For Clunkers’ tag

Cash for Clunkers allows reservation of out-of-stock models

Car buyers wanting to use the cash-for-clunkers program but can’t find the vehicles they want due to stock shortages will be able to reserve models under a change in the program, as announced by the Obama administration today. Continue reading »

Beware of “Cash For Clunkers” scams

As of July 31, the initial $1 billion allocated to the “cash for clunkers” program had been nearly depleted and the House passed a bill to provide an additional $2 billion to the program. In the meantime, the program remains in limbo with the National Highway Traffic Safety Administration, the agency that administers the program, unable to confirm or deny if the program is currently operating. However, White House spokesmen have assured consumers that the program continues to run and can still be used. Continue reading »

Chrysler “Double Cash For Your Old Car” incentives

Chrysler Group LLC has just announced new incentives. Dubbing the campaign as “Double CA$H for Your Old Car,” it is apparently possible to save up to $9,000 toward the purchase of a new Chrysler, Jeep or Dodge vehicle. Continue reading »

Cash-for-Clunkers trade-ins account for 7% of Hyundai sales now

Hyundai became the first automaker to honor the government’s “Car Allowance Rebate System” (CARS) incentives on July 2 and the novel consumer incentive program, also known as “cash for clunkers,” accounted for 7% of Hyundai sales in its first week. Continue reading »

House passes “cash for clunkers” bill in U.S.

The House has finally approved a “cash for clunkers” bill that aims to boost new car sales by allowing people to turn in their old gas-guzzling cars and trucks for vouchers worth up to $4,500 toward more fuel-efficient vehicles. Continue reading »