Archive for the ‘clunkers’ Category

When Edmunds.com released its report on the Cash-for-Clunkers program on Wednesday, saying it cost $24,000 for each vehicle that wouldn't otherwise have been sold, it must have expected pushback.

It may not have anticipated, however, a sharp retort from the highest office in the land: the White House. But that's what it got yesterday, via a pithy entry on the White House blog calling the Edmunds analysis "implausible" and "faulty".

It not only refuted Edmunds' contentions by citing a report from the Council of Economic Advisors, but accused Edmunds of releasing sensational Clunkers analyses solely to draw media attention.

The White House...

When Edmunds.com released its report on the Cash-for-Clunkers program on Wednesday, saying it cost $24,000 for each vehicle that wouldn't otherwise have been sold, it must have expected pushback. It may not have anticipated, however, a sharp retort from the highest office in the land: the White House. But that's what it got yesterday, via a pithy entry on the White House blog calling the Edmunds analysis "implausible" and "faulty". It not only refuted Edmunds' contentions by citing a report from the Council of Economic Advisors, but accused Edmunds of releasing sensational Clunkers analyses solely to draw media attention. The White House... Read More

Chalk it all up to Cash For Clunkers: The average gas mileage of new cars and light trucks sold during August reached a record high of 23 miles per gallon, up 8 percent over the 21.2 mpg in August 2008. The 23-mpg level equals the highest recorded average, back in August 2007, when gasoline neared its peak prices of $4 a gallon or more.

As noted by our sister site GreenCarReports.com, the data comes from trade journal Ward's Automotive News, which calculates its Fuel-Economy Index using reported U.S. sales of cars and light trucks, the engine options chosen, and EPA fuel economy ratings.

Toyota had the best overall average, at 26.9 mpg. With...

Chalk it all up to Cash For Clunkers: The average gas mileage of new cars and light trucks sold during August reached a record high of 23 miles per gallon, up 8 percent over the 21.2 mpg in August 2008. The 23-mpg level equals the highest recorded average, back in August 2007, when gasoline neared its peak prices of $4 a gallon or more. As noted by our sister site GreenCarReports.com, the data comes from trade journal Ward's Automotive News, which calculates its Fuel-Economy Index using reported U.S. sales of cars and light trucks, the engine options chosen, and EPA fuel economy ratings. Toyota had the best overall average, at 26.9 mpg. With... Read More

If you've got a clunker you've been meaning to trade in, you'd better take the rest of the day off, 'cause the whole Cash-for-Clunkers program winds up at 8 pm tonight.

Here's our checklist of steps for anyone who's still hoping to get those $3,500 or $4,500 rebates for a new car that gets at least 22 miles per gallon (for $3,500) or at least 10 miles per gallon better than the traded-in clunker (for the full $4,500):

Make Sure Your Dealer Is Still Taking Clunkers. Many have already stopped doing clunker deals. No sense in visiting unless they confirm they'll actually take your car. Make Sure They Have The Car You Want. Dealers may not have... If you've got a clunker you've been meaning to trade in, you'd better take the rest of the day off, 'cause the whole Cash-for-Clunkers program winds up at 8 pm tonight. Here's our checklist of steps for anyone who's still hoping to get those $3,500 or $4,500 rebates for a new car that gets at least 22 miles per gallon (for $3,500) or at least 10 miles per gallon better than the traded-in clunker (for the full $4,500): Make Sure Your Dealer Is Still Taking Clunkers. Many have already stopped doing clunker deals. No sense in visiting unless they confirm they'll actually take your car. Make Sure They Have The Car You Want. Dealers may not have... Read More