Thread: Cash for Clunkers ~ Cash Likely Going to Japanese

Clunkers Cash Likely Going to Japanese

Tuesday, August 4, 2009 1:06 PM

The Obama administration is refusing to release government records on its "cash for clunkers" rebate program that would substantiate — or undercut — claims of its success.

President Barack Obama wants $2 billion more to boost car sales, days after the first $1 billion was made available. Obama has promised greater transparency, but Transportation Department officials say they don't have time to turn over sales data provided by car dealers.

The limited information shows most buyers are not picking Ford, Chrysler or General Motors vehicles, and six of the top 10 vehicles purchased are Honda, Toyota and Hyundai. The Associated Press has sought release of the data since last week. Transportation Secretary Ray LaHood said Sunday the government would release it.

http://moneynews.newsmax.com/financenew ... 43741.html

So after the money runs out, then what?

Originally Posted by Rockfish

So after the money runs out, then what?

The govt will print more.

Cash for Clunkers should be good for the California economy because the sales tax and license fees have to be paid to get plates for all of the cars sold there.

The top-selling car in the Cash for Clunkers program has been the Ford Focus. . . .

The broad category of suvs includes many small car-like crossover suvs, . . .

CNN International


http://edition.cnn.com/2009/US/08/05/ca ... kers.cars/

"Among manufacturers, General Motors Co. had the largest share, accounting for 18.7 percent of new sales, followed by Toyota Motor Corp. with 17.9 percent. Ford Motor Co. was third with 16 percent of the sales.

Detroit automakers represented 45.3 percent of the total sales while Japan's Toyota, Honda Motor Co. and Nissan Motor Co. accounted for 36.5 percent."

http://www.foxnews.com/politics/2009/08 ... s-program/