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Tagged : cash-for-clunkers

Cash for Clunkers edges Americans onto greener roads

August 27th, 2009

By Harriet Blake
Green Right Now

The Cash for Clunkers program, which ended this week, may have been more environmentally friendly than originally thought. The concern among environmentalists was that by tossing away old cars and buying news ones, the program encouraged a throw-away society mentality — something Americans are often accused of.

The Sierra Club, says spokesman Jesse Prentice-Dunn, initially had concerns that the bill was weak.

“Now, looking at the final stats,” he says, “consumers did buy more fuel-efficient vehicles. One thing that was very encouraging, was that more than 84 percent traded in trucks and other gas guzzlers; and 59 percent purchased cars.”

They may not have purchased hybrids, says Prentice-Dunn — the Prius was No. 7 on the list of cars purchased. However, the fact that they bought more fuel-efficient cars was important. The Sierra Club, he says, was encouraged by consumers’ choices.

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Cash for Clunkers II: A speedy economic infusion with variable eco-torque

August 8th, 2009

By Barbara Kessler Green Right Now You gotta love the populist nature of this clunkers program. With our government trying to bail out our sinking economic ship with all sorts of leaky money buckets, this program seems to really hold up. This is a program that’s a small shot of elixir, but works like magic [...]

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Clunker program goes ka-ching, ka-ching, ka-ching! Will it continue?

July 31st, 2009

By Barbara Kessler
Green Right Now

Americans may be dopes about a lot of things, but they recognize a good shopping deal when it comes their way.

Given the opportunity to receive thousands of dollars to jettison their rusted out, gas-hog cars, they said yes. In fact, they googled the nearest dealership and ran off to trade in those pick-ups and sport vehicles, apparently sucking up nearly all of the $1 billion set aside for the Cash for Clunkers program in a mere two weeks.

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A guide to ‘Cash for Clunkers’

July 8th, 2009

By Clint Williams
Green Right Now

Desperate automobile dealers are slashing sticker prices, passing on rebates and offering zero percent financing to move metal, making this a good time to buy a new car. And the good times are about to get better thanks to the federal “Cash for Clunkers” program kicking off later this month.

The Car Allowance Rebate System (CARS) signed into law last month is designed to help car makers and the environment by providing vouchers of $3,500 to $4,500 toward the purchase of a new vehicle in exchange for a gas-guzzling clunker. The program essentially inflates the trade-in value of older cars and trucks, providing drivers an incentive to go ahead and buy a new, more fuel-efficient rig right now.

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Cash for Clunkers greenlighted; rev up the car buying frenzy

June 19th, 2009

By Barbara Kessler
Green Right Now

Congress has approved what will be a big bonanza for car buyers — not to mention car dealers — with the “Cash for Clunkers” bill that cleared the Senate on Thursday.

Once signed by President Obama, who pushed for the law, car buyers will be able to get up to $4,500 toward more efficient new vehicles when they trade in their aging gas guzzlers (or even just their aging cars that get so-so mileage). Cars must pre-date 2002 but not be older than 1984 models.

Ironically, this generous program would not be available had it not been for the short-sighted American car manufacturers who made so many gas gulpers, their heedless American customers and also the torpid economy. None of those players gets chastened or overhauled or even pinched in this deal.

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