The Cash for Clunkers program, or CARS, has only been under way for a week, but the federal government has already handed out $35 million of the $1 billion available. Needless to say, plenty of people have taken advantage of the $4,500 vouchers toward new vehicles. According to ABC News, over 8,000 deals have already [...]
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According to the results of a new survey released by Dealix, auto dealers across the country say the new federal automotive incentive program has spurred interest in new car sales. Despite the fact that the rules governing the program have yet to be released by the National Highway Transportation Safety Administration, three out of 10 [...]
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It looks like Chrysler is looking to sweeten the CARS deal. The company just announced a month-long program to spur sales by offering an additional $4,500 for trade-ins regardless of whether or not the old vehicle meets federal requirements for the rebate system. For buyers looking for better financing instead of cold hard cash, the [...]
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The Wall Street Journal recently ran an article saying the month-long interim period between passage and enactment of the new CARS program may have thrown cold water on public excitement. According to the article, The National Highway Transportation Safety Administration won’t release full details on vehicle eligibility until on or around July 24th. That’s still [...]
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The National Highway Transportation Safety Administration held an informative webinar with NADA to help answer a few lingering questions about the new Cash for Clunkers program. The NHTSA has settled on an official name, the Car Allowance Rebate System (CARS). One of the biggest questions dealers had during the NADA webinar was on how they [...]
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If you missed the Dealix/Edmunds webinar on the newly-minted Cash for Clunkers program, don’t worry. We have all of the resources you need to stay up to date on the program’s progress, including all of the materials disseminated during the presentation. You can read a full recap of the webinar here. Or, if you’d prefer, [...]
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