The Cash for Clunkers program is now officially over and the final numbers are now in. According to the Department of Transportation, nearly 700,000 old cars were traded in for new ones under the program. Transportation Secretary Ray LaHood said that dealers submitted a total of 690,114 requests for vouchers, totaling about $2.9 billion. “This [...]
Transportation spokesman Rae Tyson said that as of this morning, U.S. dealers have submitted 665,000 Cash for Clunker claims seeking a total of $2.77 billion in reimbursements. That figure pushes the program very close to its $3 billion funding limit. Yesterday morning, DOT said that dealers had submitted 635,186 claims for a total of $2.65 [...]
If you’re one of the many dealers rushing to get your Cash for Clunkers submissions in by today’s noon deadline, relax and take a break – go have some lunch. Lucky for you, the Transportation Department just announced that it will once again extend the Cash for Clunkers filing deadline to 8 p.m. EDT tonight. [...]
As the clash-for-clunkers program comes to an end, a group of 73 auto dealerships institutes its own program. Autostimulusplan.com offers incentives ranging between $500 and $4,500 for used and new cars, and will end on Nov. 1. “It is time for the private sector to pick up the baton,” Brian Benstock, general manager of Paragon [...]
The Department of Transportation has just extended the Cash for Clunkers filing deadline to noon tomorrow, giving dealers enough time to file rebate claims under the program amid reports of computer outages. Deadline for customers to trade in a clunker for a brand new car remains 8:00 p.m. tonight. “Despite a large increase in the [...]
As of 7:47 a.m. (Easter Time) this morning, dealers have submitted 635,186 Cash for Clunker claims for a total of $2.65 billion, the Department of Transportation said. When Transportation Secretary Ray LaHood set a deadline of Aug. 24 at 8:00 p.m. last week, he said that all dealers who submit their deals by the deadline will [...]
The government will shut down successful (depending on how you look at it) Cash for Clunkers program later today at 8:00 p.m. (Eastern Time). A couple of dealers said that they will be participating in the Cars Allowance Rebate System program up until the end, while some stopped participating as early as Friday. AutoNation, the country’s [...]
While Cash-For-Clunkers has been wildly successful at driving traffic to auto-dealer’s showrooms across the country, the increase in ‘business’ has yet to be realized by many, if not most dealers around the country. According to approximately two-thirds of respondents to an Automotive News survey, payment has been received for fewer than 3 percent of total [...]
The Department of Transportation has just released a statement saying that the $3 billion Cash for Clunkers program will end Monday, August 24th at 8 p.m. EDT. All dealers must submit any pending Clunker deals and necessary paperwork by the scheduled time. The decision to wind down the program came after determining that the Cars [...]
General Motors announced today that it will provide cash advances to dealers to cover “Cash for Clunkers” rebates while they are being processed by the U.S. government. “Our sales performance in the past two months has exceeded our internal forecast by over 60,000 vehicles, largely driven by the CARS stimulus program,” said Mark LaNeve, VP [...]
