Cash for Clunkers, or CARS, has been a resounding success so far. The first $1 billion allocated for the program was exasperated in the first week, and congress has since approved another $2 billion to keep the vouchers flowing. As expected, manufacturers have seen increased sales for the first time in months. That means dealers [...]
Comment (0)
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 [...]
Comment (0)
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, [...]
Comment (0)
Dealix held an informative webinar with experts from both Edmunds and Stoneham Ford on the Cash for Clunkers program today, June 26. The three panelists included Jessica Caldwell, the manager of pricing and industry analysis from Edmunds, John Giamalvo, the director of strategic marketing, also with Edmunds and Mike Warwick, the internet director with Stoneham [...]
Comment (0)
One of the biggest opponents to the proposed Cash for Clunkers legislation has been the aftermarket industry. Under the bill, thousands of old and inefficient vehicles would be retired in favor of new cars and trucks that burn less fuel. While nearly everyone recognizes the potential benefits of legislation that would stimulate car sales and [...]
Comment (0)
According to a new survey of auto dealers conducted by Dealix, buyers may be holding off on the purchase of a new vehicle until Congress comes out with a final word on its Cash for Clunkers legislation. The survey of most of the nation’s 20,000 franchised dealerships revealed a lot of faith in the proposed [...]
Comment (0)
The proposed Cash for Clunkers legislation in both the House of Representatives and the Senate has stirred up all kinds of discussion as to the program’s benefits or lack thereof. While we’ve covered a few opinions over the viability of various Cash for Guzzlers programs that have shown up in Congress over the past few [...]
Comment (0)
http://phx.corporate-ir.net/phoenix.zhtml?c=125417&p=irol-newsArticle&ID=1276678&highlight=%22,,0,0,,,,
Nation’s Largest Used Car Retailer Says More Americans Will Benefit
RICHMOND, Va.–(BUSINESS WIRE)–Apr. 15, 2009– CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is urging Congress to include used vehicles in the “Cash for Clunkers” [...]
Comment (0)