Cash for Clunkers Work

Well in reality, all the program did was encourage those folks already planning on buying a new car, to purchase it a little sooner, in order to get the benefit of the stimulus plan. People not planning to buy a car in the first place, simply didn't!

Before “Cash for Clunkers” was enacted, car sales were at a low 9.7 million annual rate.

Then from July 1 to Aug. 24, the time period when the program was in place, auto sales spiked to more than 14 million.

But look at this -- once September came and Cash for Clunkers was no more, car sales plunged 35% - right back to where they were before the stimulus was enacted.

Now it's true auto sales have trended higher since then, but they were already trending up before cash for clunkers and likely would have continued to do so despite the program.

but it looks like things are only going to get worse for the auto industry.

According to the consumer confidence survey just released for June, only about one percent of consumers said they plan to buy a car within the next six months.

That is the lowest level ever since the board began collecting data in 1968

889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889
889 Read More.....

Cash for clunker : Again and again!!

A report was not surprised, car manufacturers have seen sales in August have increased significantly. For Clunkers "thank-cash plan, the manufacturers of automobiles in August to see about 30% of sales were made in July.

Perhaps most impressive, auto sales in August 2009 compared to August 2008 the vehicles. It 'been almost two years, due to the automotive industry have such an increase every year.

But now? Analysts know that sales will fall - but how low that point? Although

only the future, the truth, many experts predict, for Clunkers "cash consequences" of the procedure in the next 3-6 months feeling. During this period, sales of vehicles will be much lower than in August.

Some car dealers are trying to procedures clunkers are still through the funding of cash for Clunkers "cash for existing customers, as the deal" in person. The hope is to capture any customer who is unable to attend government-funded Clunkers "program" cash. Read More.....

Do "Cash for Clunkers Program" help Foreign automakers

For the clunkers "cash" plan to help Ford - and Toyota. Chrysler has seen sales of cars and light trucks increased in July to August, 5%, the modern United States to establish a new sales record.

This is the challenges of government economic stimulus plan. To pay for the taxpayers of a country, can help other companies.

Such cross-border loss, will not produce much, as long as trading partners to stimulate their economic and political tensions. Or, as the number of vehicles, local production.

See the Ford car and light truck sales grew in August, an increase of 17 percent over the same period last year. However, this is only one producer of American cars. GM's sales fell by 20 percent. Although a small increase in sales during July and August, Chrysler has seen its sales decline from last year down 15 percent.

Of course, the Federal stimulated a number of manufacturers in Asia. Sales of Hyundai Motor's Rose 47 percent over last year, hitting a record. Toyota up 10.5 per cent - the automotive industry and to enjoy their best months ever. Its North American-built vehicles accounted for an increase - and so on. Imports of Toyota Motor Sales actually declined by 7 percent a year earlier.

Honda has delivered a return of 10%. Nissan has seen a decline of 3%.

Therefore, the clunkers "cash" would probably fall, as the federal economic stimulus plan in history happened, although it may be useful rather than domestic carmakers abroad. This is a short-term and targeted. As long as the sales of motor vehicles and tanks in the autumn or so, the scheme was also seen as very timely.

The challenge is now to buy other requirements economic stimulus plan in the United States. Canadian companies are angry, are an integral part of the road was closed for the United States and other infrastructure projects to improve the process of tender things. In May this year, China set up its own 'buy their五千八百六十○ Ling Dian requirements billion recovery programs'.

30 years in the 20th century's most severe recession since the stranded, the world has so far avoided hasty protectionist measures in the long term and in depth the Great Depression. However, this does not mean that protectionism is already dead. Instead, it is creeping along, and sometimes upward. Read More.....

6w7zy5kmfr Read More.....

Cash For clunkerfs officially over, the operators still have time

Popular in cash or Clunkers CARS program ended Monday night at 8:00 pm. Even if the discount scheme caused more than 700,000 old and the gas hungry vehicles exchanged for the same number of effective, brand-new cars and trucks, many traders are still trying to bring the correct documentation involved to get their deals approved.
According to the Ministry of Transport, as well as Star Monday, 2.58 billion dollars
worth of bids were accepted for processing - leaving only 42 million U.S. dollars credit to dealers nationally. Fortunately, the deadline for submission of extended until noon ET Tuesday, August 25th - a few hours away.

While some analysts fear that the enormous amount of vehicle sales generated cash Clunkers program could result in some sales "hangover" as the producers, the government argues that the initiative was a success. Most manufacturers planned to increase production for the rest of the year to replenish stocks sold short during the program of CARS. Which translates into more work on the car races across the country.

Many say money Clunkers program has done much to stimulate the economy beyond the automotive sector. Banks are required to OK the loan, and many dealers are an additional allowance for the extraordinary amount of processing documents required for each CARS solution. While there is some buzz about a possible renewal of the program followed the road, for now, legislators, retailers and manufacturers simply enjoy the success.
Read More.....

Cash for clunkers will end soon , but how about cash for appliances?

First was cash for clunkers, is now in cash for household appliances.

300 million dollars of the federal government's program will allow people to obtain discounts from 50 to 200 dollars for the purchase of energy efficient appliances such as refrigerators, dishwashers and washing machines.


Unlike the program clunkers money, you do not trade in their old equipment to obtain discounts.

Wettsteins in La Crosse said that the rebate is not only the environment but save money in the long term. Wettstein sale Manger Bruce Swanwick says, "when you buy a front-loading washing machine for over 10 years you'll actually pay for a dryer in savings that you need water and soap you use, as in the past .

Wisconsin is scheduled for more than five million dollars for discounts. Funds for the program will probably begin in November. Read More.....

After "Cash for Clunkers"

If you were one of nearly 700,000 people who could benefit from cash for Clunkers program, congratulations, you've probably got a good deal. On the other hand, if you bought a car without a clunker in the last month I overpaid.

Prices for passenger cars during Clunkers program has gone to all but the buyer with an average of $ 3,000 received benefits, others not.

And if you absolutely need to pay to buy a car in the next two months, probably more.

This is a simple matter of supply and demand. Cash for Clunkers highly successful program has proven this wrong. For months, normally a peak period, the stock car buying low and customers are expected to increase car prices and less choice, experts say.


Clunker Program arrived late, said Jeremy Anwyl, CEO of auto website Edmunds.com.

The program was launched in February, when stocks were high and sales are at a record low in cash for Clunkers could help fill a massive fall-off in sales.

"They are probably confused with the longer the automotive industry was uptick, however," he said.

He kicked revenues grow too much, too fast, "he said. Factories could not show the car fast enough, replenishment of stocks, which have been emptied so quickly.

This means that operators are now facing a drought of new models on sale, followed by flooding.
0:00 / 4:37 Warning: Auto Sales Fall Forward

So if you want a new car at a good price, hold and spend the next two months, choosing from a good jacket.

Factories have already begun to churn out new cars to meet the stock drained. Look at the price falls in November and December, after the dealer showrooms filled before what is traditionally a slow season sale of automobiles.

Although it seems that customers want to buy a smaller car now, the program is finished, according to Edmunds.com, the decline in customer numbers fall considerably outmatched stocks.

Before the program ended on Monday evening, the prices on popular models forced upwards.

Average revenue per dealer Ford Escape has increased from around $ 1200 before the program starts Clunkers more than $ 1700 during the program, according to data from Edmunds.com. Dealer profits for Toyota Corolla has grown from less than $ 400 to about $ 830. The average profit more than doubled minibus on an average of about $ 700 to about $ 1,500.

For those who benefit from the trade clunker, the program benefits more than offset the jump in price. On the owners of medium clunker got $ 3000 more for your trade-in vehicles than would otherwise.

"The owner clunker very well," Anwyl said. "Everyone else just paid more."

Prices remain high in coming months, Anwyl predicted.

Only those who buy vehicles that do not qualify for the program as a clunker big SUVs and luxury cars, may still be able to find some offers for the coming weeks, said Jesse Toprak, an analyst at auto website prices TrueCar.com .

"You will see some large SUVs discount of 20% to 30% off sticker," he said.

For the rest, the patient will be rewarded with customers. Big incentives and discounts to get steeper in the month of November and December, Anwyl said. Read More.....