Green Car Congress

MARCH 25, 2019

In 2009, the Obama administration launched the Car Allowance Rebate System, a program that was intended to not only stimulate spending, but also to improve energy efficiency and safety by encouraging people to upgrade to new cars. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers.

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Green Car Congress

OCTOBER 5, 2009

In the aftermath of the summer sales boom fueled by the US Cash for Clunkers program, September 2009 light duty vehicles sales dropped back to pre-incentive lows. September 2009 had 25 sales days compared to 24 days for September 2008. September 2009 SAAR. Reported hybrid sales by month. Click to enlarge.

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Green Car Congress

AUGUST 4, 2009

Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% GM dealers delivered 189,443 total vehicles in July, a 19.4% Compared to June 2009, volume was up nearly 12,000 vehicles. compared to June 2009. Click to enlarge. General Motors.

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Green Cars News

JULY 5, 2009

The programme, which has been dubbed ‘cash for clunkers’, was signed into law on June 24 with issuance expected to occur on July 23. The scheme will run until November 1, 2009 - or until all funds have been exhausted. Dealers apply a credit at purchase - no voucher is needed. So how will the US scheme work?

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Green Car Congress

AUGUST 10, 2009

Consumers will be able to browse California dealer online showrooms, ask questions, negotiate prices, and arrange financing and payment to purchase a new 2008, 2009 or select 2010 car, crossover or truck online.

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Green Car Congress

APRIL 30, 2009

Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. Cash for Clunkers.

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The Truth About Cars

SEPTEMBER 25, 2023

According to a report from Automotive News , dealers are getting worked up about the prospect of not receiving money swiftly enough — mimicking some of the hardships endured during the Cash-for-Clunkers period. Since some of that isn’t settled yet, dealers are getting anxious. Car dealers are asset rich and cash poor.

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