ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. Thaler, a professor at the University of Chicago, won the Nobel Prize for economics in 2017.

Cash for Clunkers By the Numbers

Green Car Congress

Cash for Clunkers sales by manufacturer. The US Cash for Clunkers program (CARS) ended Tuesday night with 690,114 dealer transaction submitted worth $2,877.9 Click to enlarge.

Cash for clunkers: a summary

Green Cars News

The US Cash for Clunkers scheme ran out of cash on Tuesday with 690,114 dealer transactions submitted. The state that requested the largest share of the cash for clunkers cash was California with 11.3 Tags: Green cars Latest news cash for clunkers cash for clunkers scheme Toyota Corolla So did it achieve its objectives? Let’s look at the evidence.

Cash for clunkers programme explained

Green Cars News

The US appears set to follow the UK’s lead with its own version of the vehicle scrappage scheme known as the Car Allowance Rebate System - or CARS for short. The programme, which has been dubbed ‘cash for clunkers’, was signed into law on June 24 with issuance expected to occur on July 23. Dealers apply a credit at purchase - no voucher is needed. Trade-in vehicles must be registered and insured for a full year preceding the trade-in. -

US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. Transportation Secretary Ray LaHood announced on Thursday that after a successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. The scheme gave owners of old cars and lorries up to $4,500 towards a new, more fuel efficient vehicle in exchange for their old model.

Cash For Clunkers & Guzzlers Falls Short

Hybrid SUV Blog

If news about “Cash For Clunkers&# or “Cash For Guzzlers&# has you excited about trading in your current ride for a hybrid SUV or green car, you may be disappointed to learn more of the details.

BREAKING: Cash-For-Clunkers May Be Over, Out Of Money, Kaput

Green Car Reports

As we enter the news day on Thursday, it appears that the "Cash For Clunkers" program could well be out of cash. The National Association of Auto Dealers (NADA) asked the US government to suspend the program as of midnight last night, and warned dealers they are at risk of not getting reimbursed if they make any further clunker deals

Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Monthly new vehicle market share for hybrids. 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% As a result, the SAAR for July surged to 11.24

Want a Cash-For-Clunkers Rebate? Do It RIGHT NOW. Today!

Green Car Reports

If you have a clunker and you want to trade it in and get a $3,500 or $4,500 rebate for a new vehicle under the Car Allowance Rebate Systems (CARS) program. Do it right now, today, and get to your dealer no later than 4 pm. But call first , to make sure the dealer is still doing OK, kids, this is it. STOP WHAT YOU'RE DOING. Today.

GM Launches Trial of Sales on eBay

Green Car Congress

Starting tomorrow and running through 8 September, GM is running a test program for online car sales on eBay in California at gm.ebay.com. 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.

US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015

Green Car Congress

factory today, Vice President Biden outlined the Administration’s new plan for reaching that goal. The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. The President’s Budget proposes expanding funding for vehicle technologies by almost 90% to nearly $590 million and enhancing existing tax incentives.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

For every kJ of chemical energy in the fuel for a spark ignition internal combustion engine, 73 % is sacrificed to chemical and thermal losses. Breaking out the 22%, aerodynamic losses account for 39%, tire resistance is 25%, transmission and drivetrain 20%, accessories 12% and bearings 3%. “ People were concerned about spending $35,000 for an SUV that seats five, they were saying for $21,000 I can get a sedan that seats five. Cash for Clunkers.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Calling the recent weeks “ one of the most emotionally difficult times for me as I’ve seen people with far more clout than I fail to make headway in changing the lackluster, dispiriting and immensely frustrating responses to the Gulf catastrophe ,” CalCars founder Felix Kramer has written a pre-response to President Obama’s scheduled Tuesday night speech to the US about the catastrophe in the Gulf of Mexico.]. Realists” say that’s impossible for decades.

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