Car Allowance Rebate System

11 Stories

700K Cars Sold Under Clunkers

(Newser) - The final numbers for the Cash for Clunkers are in, and they’re pretty rosy, the Los Angeles Times reports. Dealers had until yesterday to file for rebates, and the total was 690,114 new cars sold—and 690,114 clunkers traded in—for a total of $2.9 billion,... More »

After Clunker Frenzy, Dealers Expect a Slump

(Newser) - Just as the "cash for clunkers" program sparked a boom in auto sales, its cancellation will likely depress the industry, CNNMoney reports. As of today, the last day of the government-funded incentive, rebate applications for 625,000 trade-ins totaling $2.58 billion had been submitted. “We're definitely going... More »

Procrastinators Rush In as Clunkers Runs Out

(Newser) - Cash for Clunkers revved into overdrive during its final weekend, the New York Times reports. After Thursday’s announcement that the Car Allowance Rebate System would end tomorrow at 8pm, consumers across the country raced to dealerships, resulting in long lines, epic haggling sessions, and hours of overtime work. “... More »

GM Will Advance Cash to Clunkered Dealers

(Newser) - General Motors will start making temporary loans to dealers who have yet to be reimbursed by the federal government under the Cash for Clunkers plan, the Wall Street Journal reports. Dealers, some now irate, essentially did the same thing for customers participating in the trade-in plan—covering the government rebate... More »

Pry My Clunker From 'My Cold, Dead Fingertips'

(Newser) - Some cars’ gas mileage is good enough to make them ineligible for the cash-for-clunkers program—but that’s not the only reason David Holahan doesn’t want to turn in his old rides. “I’m all for stimulating the economy, cleaning air, and improving fuel economy,” he writes... More »

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
... More »

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... More »

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... More »

'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... More »

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.... More »

'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... More »

11 Stories