Cash for Clunkers

Cash for Clunkers Wraps up with Nearly 700,000 car sales and increased fuel efficiency

August 26, 2009 -- The CARS program came to a close Tuesday night with nearly 700,000 clunkers taken off the roads, replaced by far more fuel efficient vehicles. Rebate applications worth $2.877 billion were submitted by the 8 p.m. deadline, under the $3 billion provided by Congress to run the program.

Cars made in America topped the most-purchased list, from the Ford Focus to the Toyota Corolla to the Honda Civic.    » read more »

2009-08-20 -- In order to meet high customer demand for new fuel-efficient GM cars, crossovers and trucks under the Federal CARS (Cash for Clunkers) Program, the company will today begin providing cash advances to dealers which are equivalent to the amount of federal rebates which are being processed for that dealership's qualifying new vehicle sales. As a result, dealers will have the liquidity to run their businesses effectively in the midst of this extremely successful program, and to continue immediately delivering new vehicles to GM customers.    » read more »

2009-08-06 -- Statement attributed to GM Sales Vice President Mark LaNeve regarding Senate approval of an additional $2 billion dollars for the CARS (aka Cash for Clunkers) program:

Consumers have already cast their vote and the CARS program is a clear winner. Our Customers and Dealers appreciate Congress' help in keeping the program's momentum going and providing the stimulus to put more clean, fuel efficient vehicles on the road. CARS is one program that has given consumers, the economy and a vital industry a much needed boost.    » read more »

Legislation part of Final Supplemental Appropriations of 2009, Will be sent to President for his Signature

June 18, 2009 -- Washington, DC – U.S. Senator Debbie Stabenow (D-MI) today praised Senate passage of “Cash for Clunkers” legislation, which was part of the final Supplemental Appropriations Act of 2009. Once signed into law, the program will allow consumers to trade in older, dirtier vehicles in exchange for a voucher of up to $4,500 to help pay for the purchase or qualified lease of a new, more fuel-efficient vehicle.

This program mirrors Senator Stabenow’s Drive America Forward legislation, which she introduced last month.    » read more »

Congress Officially Passed National "Cash for Clunkers Plan" Giving NY Drivers $4,500 Cash if they Swap Old, Inefficient Cars for Newer, Fuel Efficient Models

June 19, 2009 -- U.S. Senator Charles E. Schumer is today calling on all New Yorkers to take advantage of the “Cash for Clunkers” program approved by the Senate last night. The program allows Upstate New York drivers to trade in their older, less fuel efficient cars, trucks and SUVs for more fuel efficient vehicles.    » read more »

“Cash for Clunkers” program will create and preserve Hoosier auto jobs, reduce dependence on oil

June 18, 2009 -- Washington – Senator Evan Bayh is supporting congressional efforts to boost car sales in Indiana and across the country, stimulate the struggling automotive sector, and reduce the nation’s overall dependence on foreign sources of oil.

Bayh is a cosponsor of the Drive America Forward Act of 2009, known more commonly as the “Cash for Clunkers” program. The legislation would provide financial incentives for the purchase of new, more fuel-efficient cars for consumers who trade in older vehicles with poor fuel-efficiency ratings.    » read more »

June 18, 2009 -- Washington, D.C. - The Alliance of Automobile Manufacturers (Alliance) praised the Senate for passage of the fleet modernization, or "Cash for Clunkers" legislation. The proposal will now go to President Obama where it is expected to be signed into law. The Department of Transportation has already started working on the program’s implementation and will be announcing more information soon.    » read more »

June 9, 2009 -- WASHINGTON – U.S. Senator Debbie Stabenow today made the following statement regarding House passage of the Cash for Clunkers legislation.

“I am pleased that my colleagues in the House have passed legislation that authorizes funding for the cash for clunkers program.

"This bill, which mirrors legislation that I have introduced in the Senate, will save jobs and help provide a much-needed boost to our auto industry during these tough economic times.

“I will continue to work with my colleagues in both the House and Senate to enact this new program as soon as possible” –U.S. Senator Debbie Stabenow

Source: Senator Debbie Stabenow

June 9, 2009 -- Washington, D.C. – The Alliance of Automobile Manufacturers (Alliance) today praised the House of Representatives for supporting a fleet modernization, or “cash for clunkers,” bill sponsored by Representative Betty Sutton and a broad, bipartisan group of lawmakers. Automakers believe a well crafted fleet modernization program will provide two beneficial effects: helping to stimulate auto sales during the current economic/credit crisis and replacing older, less fuel-efficient vehicles with cleaner, safer, more fuel-efficient ones.    » read more »

Proposal would achieve 32 to 38 percent greater oil savings than House compromise

June 8, 2009 --
Washington, DC – U.S. Senators Dianne Feinstein (D-Calif.), Susan Collins (R-Maine), Charles Schumer (D-N.Y.), and Tom Carper (D-Del.) today formally introduced legislation to establish a “Cash for Clunkers” program that incentivizes the purchase of more fuel efficient vehicles and would achieve at least 32 percent more oil savings than a House version of the bill. Senators Feinstein, Collins, and Schumer previously outlined the basic concepts in this bill on May 15.    » read more »

June 2, 2009 -- WASHINGTON – Senator Carl Levin, D-Mich., said the following today regarding the proposal for a fleet modernization or “cash for clunkers” program:

“I am hopeful that the Senate will soon act on the proposal put forth by Senator Stabenow, myself and others for a so-called ‘fleet modernization’ or ‘cash for clunkers’ program that will provide a voucher to those turning in their older less fuel efficient vehicles. Such a program will encourage people to purchase new more fuel efficient vehicles and offers potential both to stimulate the sale of new vehicles by U.S. companies and to reduce overall fuel consumption and greenhouse gas emissions.    » read more »

June 1, 2009 -- CARBONDALE, IL – Consumers will receive vouchers from the federal government to help purchase new, more fuel-efficient cars and older cars that damage the environment will be taken off the roads if legislation to establish the “Cash for Clunkers” program is approved by Congress, U.S. Senator Dick Durbin (D-IL) said today. While discussing this effort to stimulate new car sales, Durbin promoted the tax credits made available through the American Recovery and Reinvestment Act for first-time home buyers.    » read more »