 The Cash for Clunkers program is coming to a close. The Feds announced they are putting the brakes on the Cars Allowance Rebate System or commonly know as Cash for Clunkers. They said that by Monday, August 24th at 8 P.M. EST. the program should have used all of the 3 billion dollars budgeted. After talking to several new car dealers [...click title to continue reading...] It seems that the buzz on Cash for Clunkers has cooled down a little bit, but not at the car dealers. There are numerous unofficial reports of dealers running out of cars that will qualify for Car Allowance Rebate System. Dealers are asking for cars from the manufacturers, but they have reduced inventories so low because of the economy that [...click title to continue reading...] Everybody seems to be wondering what is going on with the Car Allowance Rebate System (C.A.R.S.) or as many know it, Cash for Clunkers. The Secretary of Transportation came out and said that they will guarantee that all qualifying cars sold through the weekend of August 1, 2009 and they will be approved and paid. Then the weekend was over and [...click title to continue reading...] I have been following the Cash for Clunkers program by keeping my ear to the ground with the new car dealers. The latest drama was last evening (Thursday July 30th, 2009) when someone, somewhere announced that the Cash or Clunkers program was going to be suspended at midnight. The news spread like a wildfire across the internet. The strange thing [...click title to continue reading...] Here we are a few days in to the new Cash for Clunkers government program also know as C.A.R.S (Car Allowance Rebate System) and I am hearing that the new program is driving considerable traffic into the new car dealer’s showrooms. I have heard some dealers say that is has had quite an impact on the floor traffic and even [...click title to continue reading...] Lately, the media has been a buzz with all the talk of the Cash for Clunkers legislation or also know as Car Allowance Rebate System (CARS). On June, 24 2009, the time of writing this post, President Obama had signed the legislation into law. The full details are not available at this time. We have some of the high points that are [...click title to continue reading...] |
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