Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts

Cash for Clunker Car list

clunker car listAs the details and numbers roll in for the Cash for Clunkers program, the top car traded is none other than the Ford Explorer. Of the top 10 cars trade in, six of them are Ford Explorer from different model years, according to data collected by the Department of Transportation and reported by the Jalopnik automotive blog.
Some of the other clunker cars include the big Ford F-150 and Chevrolet C1500 pickups, the Chevrolet Blazer SUV, the Jeep Cherokee and Grand Cherokee, plus the Dodge Caravan and Ford Windstar minivans.

The demise of the Ford Explorer most likely has to do with Gas prices rising and SUV's being gas guzzlers. On the opposite end of the Cash for Clinkers program, the most-purchased new car was the Ford Focus, which gets an average of 28 mpg.

Cash for Clunkers revving up the Auto Industry

The Cash For Clunkers program is giving the economy and boost and things are looking good. The car incentive program is progressing at a fast rate and many are cashing in their clunker for the $4500 rebate to buy new cars.

Cashing in on the Clunker Stimulus

Cash for Clunkers, now officially known as the Car Allowance Rebate System (CARS) — is a federal program passed by Congress and signed into law by President Obama on June 24.The program is meant to encourage consumers to trade in older, less fuel-efficient vehicles for new vehicles that get better fuel economy by providing a credit worth up to $4,500. Modeled after several programs that have already been successfully implemented in Europe, the program is expected to begin on July 23 and end on November 1, 2009.

The federal government, beginning as soon as Friday, has a deal for Burns and others with similar vehicles that meet low fuel economy standards. They'll get a minimum of $3,500 toward the purchase of a new vehicle as part of what's become known as the "cash for clunkers" program.

The $1 billion clunkers program will cover about 250,000 cars nationwide, industry-watchers say.