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 [...]
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 [...]
Toyota has sold the most vehicles to date under the government’s Car Allowance Rebate System, passing General Motors for the top spot, according to data released Friday by the National Highway Traffic Safety Administration.
In sum, 18.9 percent of vehicles bought under ‘cash for clunkers’ program were manufactured by Toyota, slightly more than GM’s 17.6 percent.
That’s [...]
Used-car dealer Bill DeHaan cringes every time he sees a clunker destined for the shredder.
“All the stuff getting scrapped? That’s the stuff I sell, the $4,000 and under cars,” DeHaan said at his Holiday Auto Sales dealership, 1129 W. Fulton St.
One problem is supply.
The small, independent dealer typically carries 12 to 20 used cars on [...]
A leading automotive research company predicts that U.S. will monthly auto sales will rise above the 1 million mark for the first time for 2009 in August, mainly because the government’s Cash for Clunkers program.
J.D. Power and Associates said it based the prediction of 1.1 million sales on data gathered from 10,000 dealers nationwide during [...]
GRAND RAPIDS — Gas-guzzling rust buckets are nothing new for West Michigan’s scrap yards but, in just a week, Cash for Clunkers drove the junk car specialists into situations they never before imagined.
“I never saw anything like this,” said Mike Ostrander, an account executive with Louis Padnos Iron & Metal Co., the region’s biggest metal [...]
