Cash for Clunkers

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Used-Car Dealers: Program's a Clunker

Other groups also unhappy with government rebates

(Newser) - The Cash for Clunkers program has proven to be a shot in the arm for the new-car market, but not everyone's a fan. Used-car dealers say their business is suffering, the Sacramento Bee reports. "The used side sort of slipped" since the program started, said one Honda dealership manager....

Retail Sales Curb Rally; Dow Climbs 37
 Retail Sales Curb Rally; 
 Dow Climbs 37 
MARKETS
Aug 13, 2009 3:20 PM CDT

Retail Sales Curb Rally; Dow Climbs 37

July retail sales negative despite 'Cash for Clunkers'

(Newser) - A drop in retail sales reported today cooled off yesterday’s post-Fed-meeting rally, the Wall Street Journal reports. Stocks ended with modest gains as the Commerce Department reported a 0.1% drop in July retail sales despite increased car sales under the “Cash for Clunkers” program. The Dow rose...

Cash for Clunkers Buying New Guzzlers

(Newser) - The Obama administration is hyping the cash-for-clunkers program as a chance for Americans to buy more fuel efficient cars, but not all buyers are going greener. Bulky SUVs and even trucks can be purchased with the $3 billion government subsidies, reports AP. Washington is refusing to release detailed records of...

How to Get the Most Out of Your 'Clunker'

Time offers tips for buyers considering CARS

(Newser) - Cash for Clunkers has become a smashing success—but is it right for you? Time explains how to get the most out of your clunker:
  • First, make sure your vehicle really is a “clunker”: Cars that get more than 18 mpg, don't run, haven't been registered and insured over
...

Cash for Clunkers: Reward for the Shortsighted
Cash for Clunkers: Reward for the Shortsighted
opinion
Aug 8, 2009 10:52 PM CDT

Cash for Clunkers: Reward for the Shortsighted

(Newser) - Anna Shaff drives a 1986 Volvo station wagon that is a clunker in every sense of the word—except the official one. It doesn't qualify for the Cash for Clunkers program, and that has Shaff a little ticked. After "almost 24 years of frugality," she'd love to get...

Senate Extends 'Clunkers'
 Senate Extends 'Clunkers' 
Aug 6, 2009 7:31 PM CDT

Senate Extends 'Clunkers'

(Newser) - Cash for Clunkers lives. As expected, Congress tonight sent President Obama legislation with an additional $2 billion to extend the program. The Senate approved the money on a 60-37 vote after administration officials said the initial $1 billion had run out in only 10 days. The House voted last week...

Senate Set to OK $2B More for Clunkers

Reid engineers deal for vote tomorrow, beating recess deadline

(Newser) - The Senate has reached a deal to extend the "cash for clunkers" program through Labor Day, the Detroit News reports. Majority leader Harry Reid capped days of arm-twisting with an announcement tonight that the chamber will vote tomorrow on a measure adding $2 billion to the unexpectedly popular...

Cars Replacing Clunkers Are Mostly Japanese

(Newser) - The "cash for clunkers" program might be a boon for car dealers, but for American automakers the news isn't so good—four of the five top-selling cars in the program are Japanese. While the Ford Focus is the No. 1 seller, Toyota and Honda occupy the next four spots....

Liquid Glass Stars as Engine-Killer for Clunkers

(Newser) - The federal cash-for-clunkers program is sending demand through the roof for a chemical normally used to repel bugs or seal concrete, the Wall Street Journal reports. Sodium silicate, known as liquid glass, has been designated the agent of execution for old models traded in under the program. Auto dealers are...

White House Pushes to Clear Up Clunkers Backlog

(Newser) - The White House has asked Citigroup, which is administering the Cash for Clunkers program, to double or even triple the number of workers processing paperwork, Bloomberg reports. That move could clear up a backlog of dealer applications that grew with the surprise success of the program. The administration also says...

Clunker Cash Turbo-Charges July Dealer Biz

(Newser) - Last week's rush of demand for new cars may may have exhausted the $1 billion earmarked for the "cash for clunkers" program, but struggling auto dealers saw their sales zoom, reports Reuters. Though exact figures aren't yet available, the program was certain to drive car sales to the...

'Clunkers' on Ice Unless Senate Ponies Up $2B: LaHood

(Newser) - The Obama administration will suspend the "cash for clunkers" program unless the Senate provides $2 billion more for the popular car incentive plan, Transportation Secretary Ray LaHood said today. He said he expects the current $1 billion pool to be exhausted by the end of this weekend. The House...

Geithner Won't Rule Out Middle Class Tax Hike


 Geithner Won't 
 Rule Out 
 Middle Class 
 Tax Hike 
TALK SHOW ROUNUP
Aug 2, 2009 10:00 AM CDT

Geithner Won't Rule Out Middle Class Tax Hike

Romer says the economy hasn't bottomed yet

(Newser) - President Obama’s top economic advisers fanned out across the Sunday talk shows today, with Tim Geithner leaving open the possibility that Obama would renege on a campaign promise not to raise taxes on the middle class. “We’re going to have to do what’s necessary” to revive...

House Votes to Add $2B to Clunkers Program

(Newser) - The House voted today to beef up the "cash for clunkers" program to the tune of $2 billion, but that doesn’t mean shoppers and dealers are any clearer on the federal program, the Detroit Free Press reports. “It is an absolute total mess,” one dealer says....

'Cash For Clunkers' Safe: White House

(Newser) - The rumors of the “cash for clunkers” deal’s demise have been greatly exaggerated, the White House said today, promising that the trade-in program will continue even after consumers have used up its allotted $1 billion. “If you were planning on going to buy a car this weekend...

US Suspending Cash for Clunkers: It's Too Popular

(Newser) - The government plans to suspend its popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases. The Transportation Department called lawmakers' offices to alert them to the decision to suspend the program at midnight Friday. The program offers...

'Cash for Clunkers' Can't Beat Buying Used
 'Cash for Clunkers' 
 Can't Beat Buying Used 
ANALYSIS
Jul 24, 2009 12:00 PM CDT

'Cash for Clunkers' Can't Beat Buying Used

(Newser) - The government’s Car Allowance Rebate System—the “Cash for Clunkers” plan—goes into effect today, but it might not be such a good deal for you or the environment, Elisabeth Leamy and Nathalie Tadena write for ABC News. New-car buyers who trade up more than 4mpg in mileage...

'Cash for Clunkers' Is a Car Wreck
 'Cash for Clunkers' 
  Is a Car Wreck 
OPINION
Jul 18, 2009 5:20 PM CDT

'Cash for Clunkers' Is a Car Wreck

(Newser) - The Cash for Clunkers program should never have left the lot, Michelle Singletary writes in the Washington Post. The premise is fine: Give people a financial incentive to trade in old gas guzzlers for new gas sippers. It's the details that smell like a lemon. "The law does...

House OKs 'Cash for Clunkers' Bill
House OKs 'Cash for Clunkers' Bill
Jun 10, 2009 5:50 AM CDT

House OKs 'Cash for Clunkers' Bill

Rebates up to $4,500 would go to buyers of more efficient vehicles

(Newser) - The House has passed legislation to give people who trade in gas-guzzling vehicles for more efficient new models rebates up to $4,500, the Detroit News reports. The $4 billion "cash-for-clunkers" bill, aimed at giving the auto industry a boost, passed 298-119, and its backers will now try to...

Congress Nears 'Cash for Clunkers' Deal

Compromise would put voucher at $4,500, nix buy-American clause

(Newser) - Congress is nearing agreement on a “cash for clunkers” plan that would pay Americans to give up their gas-guzzling vehicles. A House plan outlined yesterday focuses on cars and light trucks that yield less than 18 miles per gallon. Owners who junk those will receive a $3,500-$4,500...

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