The government’s hugely popular “Cash for Clunkers” program is keeping scrap yards across the country busy crushing roadworthy vehicles and sending them on for shredding. Complete Story...
Vehicles already were lined up for one of the weekly auto auctions benefiting Texans Can, a charity that helps at-risk teenagers and their families, when prospective donors started to call, saying they had changed their minds.
The popular "cash-for-clunkers" program that has encouraged consumers in Europe and the U.S. to trade in their old cars for newer and more efficient models was born in December 2008 when French President Nicolas Sarkozy unveiled a euro26 billion ($37.36 billion) stimulus plan to help the country ward off a recession.
For months, European car buyers have been junking clunkers for cash, boosting automakers sales — but making experts fear that once the government handouts stop, the struggling car industry will return to a slump no pile of cash can conquer.
They were waiting down at Gibson Chevrolet near Chicago for a couple of five-gallon cans of sodium silicate — liquid glass, they call it — to poison and kill the clunkers when the latest condemned car pulled up.
The 60-37 roll call Thursday by which the Senate agreed to a $2 billion extension of the "cash for clunkers" program.
Here are the top 10 most popular vehicles purchased and traded under the government's "cash-for-clunkers" program as of Aug. 5:
The nation's car dealers have a new worry: they're running out of vehicles.
The people who have made "cash for clunkers" such a success were fence-sitters — a Virginia family wondering whether to keep pouring money into what they called the "dog car," a Colorado couple hanging on to their Ford in case the children ever wanted it.
As dealerships and car shoppers alike wait for the Senate to decide the fate of "cash for clunkers," one question reigns: Deal or no deal?
"Cash for clunkers" could have the same effect on global warming pollution as shutting down the entire country — every automobile, every factory, every power plant — for an hour per year. That could rise to three hours if the program is extended by Congress and remains as popular as it is now.
The Obama administration is refusing to quickly release government records on its "cash-for-clunkers" rebate program that would substantiate — or undercut — White House claims of the program's success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales.
President Barack Obama's chief spokesman says the popular cash for clunkers rebate program may not survive beyond Friday if the Senate doesn't provide a $2 billion cash infusion.
This was one government stimulus plan that yielded quick results. Maybe too quick.
After hours of confusion about whether the Cash for Clunkers program had run out of money, it was game on again Friday for car dealers, TV stations and newspapers, who had worried that one of the few bright spots for their industries would end after just one week.
President Barack Obama praised members of Congress from both parties for rushing to pump new money into a popular cash-purchase program that is running out of money.
The House has voted to rush an additional $2 billion into the popular but financially strapped "cash for clunkers" car purchase program.
Acting with unusual haste, the Senate readied a $2 billion fill-up Thursday for "cash for clunkers," an economy-boosting program that sent car buyers storming into formerly deserted auto showrooms at a pace that quickly exhausted its $1 billion funding.
The White House said Thursday it was reviewing what has turned out to be a wildly popular "cash for clunkers" program amid concerns the $1 billion budget for rebates for new auto purchases may have been exhausted in only a week.
The White House said Thursday it was reviewing the government's popular "cash for clunkers" program amid concerns the $1 billion budget for rebates for new auto purchases may have been exhausted in only a week.
In a July 28 story about the early results of the government's "cash for clunkers" program, The Associated Press misidentified the program's official title. It is the Car Allowance Rebate System, not the Cash Allowance Rebate System.
A review of fuel-economy data has changed the eligibility of 164 trade-in vehicles in the government's "cash for clunkers" program.
Got an old gas guzzler in the garage? Car shoppers can take advantage of new government incentives worth $3,500 to $4,500. Owners can scrap their clunker in exchange for a new, more fuel-efficient vehicle, and lop off thousands of dollars from the sticker price. Congress approved the "Car Allowance Rebate System," or "CARS," program last month to boost auto sales and attempt to retire some inefficient cars and trucks. Here's a look at the program:
The 60-36 roll call by which the Senate on Thursday voted to support a "cash for clunkers" program that would offer government incentives to consumers who trade in vehicles that get poor gas mileage.
The government is warning consumers to be wary of unofficial "cash for clunkers" Web sites that seek personal information or direct consumers to pre-register for the program.
Death panels? Rationing care? "Cash For Clunkers" grandparent-redemption centers in the parking lot at Wal-Mart? What exactly are the conservatives afraid of, anyway? Why are so many people afraid of what "might" happen under Obama's health plan, when the insurance companies are …
Just ask these scrapyard owners if the program works. I personally know one who said if had not been for the cash for clunkers money he would have had to lay off at least two employees. Instead he has hired one more (my nephew-in-law).
Washington's latest bright idea, the economic stimulus program Cash for Clunkers, is a prime example of why I do not want the Federal government meddling in areas where they have no constitutional mandate to do so.
NEW YORK (AP) -- The nation's car dealers have a new worry: they're running out of vehicles.
"Used parts are going to be fewer and fewer," said Richard Harris, owner of Valley Auto Parts in Dayton. "It's hard to stock a yard even if you have 1,000 cars," he said, because "parts don't interchange any more," and there are so many makes and models.
Car dealers have a new worry: they're running out of vehicles. As the "cash-for-clunkers" program lures consumers into showrooms, some dealers say their stock of fuel-efficient cars is waning.
Charities that depend on vehicle donations say the government's "Cash for Clunkers" program is shortchanging them, as driver who might ordinarily donate their vehicle opt for a federal rebate instead of a tax deduction.
Chrysler Group LLC and Ford Motor Co. are running low on their hottest-selling models under the cash for clunkers program, even as President Barack Obama signed authorization Friday of an additional $2 billion to extend the program.
*Warning Extreme Satire*
This article looks at some "downsides to 'cash for clunkers' "
I keep hearing people mention how this program is awful, yet sales continue to rise, more fuel-efficient cars are replacing their guzzling predecesors, and it appears that GM/Ford/Chrysler will be hiring more workers and/or increasing production.
Many dealers are worried that they won't be able to get cars to take advantage of the second installment of clunker cash.
The Senate is poised to add $2 billion to the popular "cash-for-clunkers" program after lawmakers agreed to vote on the government car incentives.
Most of the energy of political work is devoted to correcting the effects of mismanagement of government. - Milton Friedman
What is the CARS program going to do for me?, How about for Michigan?, What about the country. These are the questions flowing through my mind every time that I hear the subject brought up.
The Cash for Clunkers program, which is a part of the American Recovery and Reinvestment Act of 2009, is encouraging the sale of clean diesel vehicles as consumers are provided rebates to trade in their current cars for more fuel efficient models.
The Obama administration is refusing to quickly release government records on its "cash-for-clunkers" rebate program that would substantiate—or undercut—White House claims of the program's success, even as the president presses the Senate for a quick vote for $2 billion to bo …
The "cash-for-clunkers" program has become the poster child of the recovery, bringing out shoppers in droves to help the auto industry and provide a vital boost in consumer spending.
John McCain emerges as last week´s Brand Winner, characterized by what John Tantillo calls Forward Motion: a potent, but elusive, force that attracts people to a person or a product.
The Clunker program is the ultimate expression of Obamanomics in all its spendthrift shortsightedness. Car sales plummeted from 17 million during their peak in 2005 to roughly 10 million a year now.
You knew this was coming. Four of the top cash for clunkers models sold under the program are from......... Foreign companies This helps Detroit how? This is simply exporting American taxpayer dollars to other countries. Good lord!
The number one vehicle destroyed under the Cash for Clunkers program, the Transportation Department says, was the Ford Explorer (1998 edition). Number two, the Ford Explorer (1997). Number Three...you guessed it. The '96 model.
Finally got a chance to go to a Daily Show taping yesterday. I had tickets at one point last year but that is when the writers went on strike and the show was cancelled.