cash for clunkers

  • 2011 Jaguar XJ

    Are luxury-car shoppers feeling the recession in the same way everyone else is? Take a look at the boarded-up store fronts on Main St., then check out the country club parking lot, political contribution coffers, and luxury dealerships and you might feel differently. There's a distinct division as well between the Miracle Mile auto malls and boutique showrooms: sales of luxury vehicles, and in some cases larger discretionary vehicles, are going strong while mass-market sales continue to take a dive. Over the past month, Audi was up 14 percent, Mercedes-Benz up 15 percent, Porsche was up 33...

  • 2000 GMC Yukon
    Obama signs $2 billion emergency funding for 'Clunker' program

    That was quick. Just a month after President Obama signed in the $1 billion ‘cash for clunkers’ bill, and less than a week of it running, the program has already run out of money once and received approval from both the House and Senate for another $2 billion. With Obama's signature...

  • 2009 Audi A4
    Audi jumps on the clunkers bandwagon, offers $1,000 off qualifying models

    With sales skyrocketing in July to almost pre-crash levels for many carmakers - and beyond for a few - it's no surprise that Audi's joining the fray today with its own $1,000 incentive on top of the federally-funded CARS program for its qualifying models. The discount applies to no fewer than 18...

  • 2010 Ford Focus
    47% of first 80,000 'cash for clunkers' sales from American brands

    Ford may be the only American carmaker reporting a rise in sales for July, but Detroit's beleaguered trio didn't fare too badly - almost half of the fuel-efficient upgrades sold in the CARS 'cash for clunkers' bonanza were GM, Ford or Chrysler vehicles, according to the White House. Only little...

  • Chrysler Group dealership
    Chrysler unveils ‘Double CA$H For Your Old Car’ incentive program

    Chrysler today announced a new incentive program dubbed ‘Double CA$H for Your Old Car’ that can save consumers up to $9,000 toward the purchase of a new Chrysler, Jeep or Dodge vehicle. Under the program, everyone shopping for a new car or truck qualifies for an incentive of up to...

  • 2000 GMC Yukon
    President Obama signs in Cash-for-Guzzlers bill

    The Cash-for-Guzzlers bill is just one of the incentives the government is trying to implement to bring the U.S. auto industry back to its pre-recession levels. Recently, the Cash-for-Guzzlers scheme garnered approval of both House and Senate negotiation teams, and now it has passed into law with...

  • 2000 GMC Yukon

    The Cash for Clunkers bill is just one of the incentives the government is trying to implement to bring the U.S. auto industry back to its pre-recession levels. Now, the Cash for Clunkers scheme has garnered the approval of both House and Senate negotiation teams, with the two sides reaching an agreement on Thursday. The approval came as part of a larger $106 billion wartime spending proposal - out of this amount, just $1 billion was set aside for the Cash for Clunkers program, or less than 1%. In reality, the full cost of the program is expected to be around $4 billion, but the $1 billion...

  • 2000 GMC Yukon
    House approves revised Cash for Clunkers bill

    Earlier this year the original ‘Cash for Clunkers’ bill was rejected by the Senate because of research that showed the program wouldn't have made much impact on auto sales or emissions. A revised version of that bill has since been presented to Congress and was approved by the House in...

  • 2009 Nissan GT-R
    UK buyers swap clunkers for Nissan GT-Rs

    In a move that can only be described as brilliant by anyone with a love of all things four-wheeled and fast, at least two buyers in the UK have swapped their clunkers in for cash, and used that cash to buy Nissan GT-Rs. They were among the very first to take advantage of the new scrappage...

  • Obama addresses the U.S. auto industry
    Obama throws weight behind car scrapping, new car tax incentives

    The 'cash for clunkers' type programs have proven hugely successful in Europe - particularly in Germany - and today President Obama put his support behind at $7,500 trade-in incentive for old cars. Along with the car scrapping push, Obama has also lent his support to a set of new car tax incentives...

  • This 2001 Chevrolet Monte Carlo is about the age of the average American car
    Germans scrap clunkers as Americans hang on to theirs longer than ever

    The U.S. Senate killed the 'Cash for Clunkers' bill in February on the argument that it wouldn't have enough of an impact. While they may have been right - the bill only allowed for limited incentives - the premise has proven successful in Germany. Running against a very strong current of downward...

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