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 [...]
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 [...]
The Transportation Department has approved use of cash-for-clunkers funds for purchases of certain cars not yet on dealers lots, after consumers have complained about the low inventories of fuel efficient vehicles at many dealerships.
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“Dealers and consumers who have reached a valid purchase and sale agreement on a vehicle already in the production pipeline will [...]
Much like the effects felt by Chrysler, FoMoCo is feeling a shortage in inventory of the Escape crossover, which is in short supply after the cash-for-clunkers surge. A tentative plan is in place to boost production of the Escape, by reassigning some workers from the Dearborn, Mich. plant that produces the F-150 pickup, to the [...]
