The Cash for Clunkers carnage begins.....

[Tilar]

It worked they spent all the money in less then a month . 

Spending money is about all this administration seems to be good at.

[694spdRT]

It worked they spent all the money in less then a month .  

More like a week.

Some are saying they won't approve more money unless the MPG's are raised on the new vehicles purchased. I had checked earlier this week and all the Patriots, Compasses, Calibers, etc. were being bought up left and right already.

[Troy]

4 days. 950,000,000 / 4500 = 211,111 cars (if they all got the max amount). I'm guessing there's a big pile of overhead in there somewhere. When someone like Stuart purchases the car for salvage does the money go back into the fund?

Troy

[Old Moparz]

4 days. 950,000,000 / 4500 = 211,111 cars (if they all got the max amount). I'm guessing there's a big pile of overhead in there somewhere. When someone like Stuart purchases the car for salvage does the money go back into the fund?

Troy

I can see Stuart filling up his green ragtop with that $50 before he hands it back. 

[Todd Wilson]

I wish they would allow more vehicles to be clunkered. I want to put a bullet in the old 86 Honda car and send it to Stu's and get me a new unit to drive!


Todd

[Todd Wilson]

I just heard on the news that the program is out of money already (1 billion dollars). I guess there is an appeal to Congress to allocate more cash before they go on their month long break or it's done for.

Troy

Even though  my buisness is really going to benefit from getting these cars.  I cant believe with the way the BIG 3 are hurting why didnt they limit this program to Ford , chrysler and GM.  Some of the import lots around here are calling me with 50 or more cars sitting there they want me to bid on . All the billion dollars is gone and could have benefited the Big 3 only .      just my opinion    I can see them letting you trade any make in but they should have made them only be able to trade for a Big three new model .

Are you bidding to buy the vehicles  or bidding on hauling them off? 

Todd

[moparstuart]

4 days. 950,000,000 / 4500 = 211,111 cars (if they all got the max amount). I'm guessing there's a big pile of overhead in there somewhere. When someone like Stuart purchases the car for salvage does the money go back into the fund?

Troy

No the dealership gets $50.00 for there troubles and paper work, plus blowing up the motor times. If we bid more then fifty bucks for the car it goes back as trade in money for the customer .

[moparstuart]

I just heard on the news that the program is out of money already (1 billion dollars). I guess there is an appeal to Congress to allocate more cash before they go on their month long break or it's done for.

Troy

Even though  my buisness is really going to benefit from getting these cars.  I cant believe with the way the BIG 3 are hurting why didnt they limit this program to Ford , chrysler and GM.  Some of the import lots around here are calling me with 50 or more cars sitting there they want me to bid on . All the billion dollars is gone and could have benefited the Big 3 only .      just my opinion    I can see them letting you trade any make in but they should have made them only be able to trade for a Big three new model .

Are you bidding to buy the vehicles  or bidding on hauling them off? 

Todd

WE are bidding to buy the cars if it's old or i dont have any demand i just give the $50.00 and thats all the dealers can keep anyway so they are happy with the $50.00.  But if its a desireable car dealers may get several bids from several yards that are approved disposal yards .

[moparstuart]

if you go to        http://www.cars.gov/files/ELVS_State/ELVS.pdf            its a pdf file hope that works

 you can see the list of all approved disposal yards in every state.   My yard is on page 132 if i remember correctly .

[694spdRT]

I guess this is a good indicator that if prices of new vehicles were $3500-$4500 less(along with the rebates currently available) people would be buying. I am guessing this program is sparking more of "It's a good deal" that won't last long versus the fuel economy aspect for most. If nothing else it is a direct stimulus to the people instead of a corporate bailout with a hope for trickle downs.

[Troy]

Ok,  it was 6 days - not the 4 days I said earlier (I guess the weekend counted).

The numbers make no sense. Here are some various quotes from a recent article that seem contradictory:

Lawmakers had expected the program to generate about 250,000 vehicle sales and to have enough money to last until about Nov. 1.

So, we're projecting 250,000 transactions.

"Any doubt that the CARS program would jump-start auto sales is completely erased,” said Greg Martin, a General Motors Co. spokesman. “More than 200,000 cleaner, more fuel-efficient cars are on the road and a vital industry gets a needed boost.

So there's 200,000+ already sold.

There are 20,000 certifications waiting to be processed, Gibbs said.

Plus another 20,000 in the pipeline.

The National Highway Traffic Safety Administration, which is running the program, said yesterday that 22,782 vehicles worth $95.9 million had been sold.

Uh? Big problem with that last one: $95.9 million / 22,782 = $4,209.46 per vehicle (that's less than the rebate on most of them).

Troy

[694spdRT]

Ok,  it was 6 days - not the 4 days I said earlier (I guess the weekend counted).

The numbers make no sense. Here are some various quotes from a recent article that seem contradictory:

Lawmakers had expected the program to generate about 250,000 vehicle sales and to have enough money to last until about Nov. 1.

So, we're projecting 250,000 transactions.

"Any doubt that the CARS program would jump-start auto sales is completely erased," said Greg Martin, a General Motors Co. spokesman. "More than 200,000 cleaner, more fuel-efficient cars are on the road and a vital industry gets a needed boost.

So there's 200,000+ already sold.

There are 20,000 certifications waiting to be processed, Gibbs said.

Plus another 20,000 in the pipeline.

The National Highway Traffic Safety Administration, which is running the program, said yesterday that 22,782 vehicles worth $95.9 million had been sold.

Uh? Big problem with that last one: $95.9 million / 22,782 = $4,209.46 per vehicle (that's less than the rebate on most of them).

Troy

What a shock! A government program that is confusing and underfunded. 

I am a little confused why cars like the Charger or 300 are excluded where a SUV or truck that gets worse mileage are alright. I know it is because they are in different classes and there needs to be a cutoff but if the goal was to improve fuel economy the 4 to 10mpg rule would would have still worked.     

[moparstuart]

The dealers I have been talking to are really nervous because they have 20 - 50 junk cars sitting on the lot waiting on approval but they have already made the deal with the customer . Now they have to wait on the goverment for final approval and who know when or if they will ever get there 4500.00 bucks out of them .  None of them i'm dealing with have started seizing the engine yet for fear they get shafted .

[694spdRT]

 None of them i'm dealing with have started seizing the engine yet for fear they get shafted .

Not a bad idea too wait. If purchase contracts are signed the buyer is fine, the dealer is  .

[Todd Wilson]

Ok,  it was 6 days - not the 4 days I said earlier (I guess the weekend counted).

The numbers make no sense. Here are some various quotes from a recent article that seem contradictory:

Lawmakers had expected the program to generate about 250,000 vehicle sales and to have enough money to last until about Nov. 1.

So, we're projecting 250,000 transactions.

"Any doubt that the CARS program would jump-start auto sales is completely erased," said Greg Martin, a General Motors Co. spokesman. "More than 200,000 cleaner, more fuel-efficient cars are on the road and a vital industry gets a needed boost.

So there's 200,000+ already sold.

There are 20,000 certifications waiting to be processed, Gibbs said.

Plus another 20,000 in the pipeline.

The National Highway Traffic Safety Administration, which is running the program, said yesterday that 22,782 vehicles worth $95.9 million had been sold.

Uh? Big problem with that last one: $95.9 million / 22,782 = $4,209.46 per vehicle (that's less than the rebate on most of them).

Troy

What a shock! A government program that is confusing and underfunded. 

I am a little confused why cars like the Charger or 300 are excluded where a SUV or truck that gets worse mileage are alright. I know it is because they are in different classes and there needs to be a cutoff but if the goal was to improve fuel economy the 4 to 10mpg rule would would have still worked.     

Where are you getting confused that the Charger and 300 are excluded? I was under the impression that if your clunker had a government MPG rating of 18 or less you could clunker it and buy what ever you wanted. If the new vehicle was 8 MPG rating more then your clunker you got 4500$ otherwise it was 3500$.

Todd

[Todd Wilson]

The dealers I have been talking to are really nervous because they have 20 - 50 junk cars sitting on the lot waiting on approval but they have already made the deal with the customer . Now they have to wait on the goverment for final approval and who know when or if they will ever get there 4500.00 bucks out of them .  None of them i'm dealing with have started seizing the engine yet for fear they get shafted .

Our dealer was doing clunker deals weeks ago. Getting things lined up and the sale and then turned the paper work in when the clunker pgoram started.

Todd

[moparstuart]

The dealers I have been talking to are really nervous because they have 20 - 50 junk cars sitting on the lot waiting on approval but they have already made the deal with the customer . Now they have to wait on the goverment for final approval and who know when or if they will ever get there 4500.00 bucks out of them .  None of them i'm dealing with have started seizing the engine yet for fear they get shafted .

Our dealer was doing clunker deals weeks ago. Getting things lined up and the sale and then turned the paper work in when the clunker pgoram started.

Todd

Several around here were also , thats why some have as many as 50 cars at the dealership and are ready to off load them asap . But now they may be screwed . We will have to see what happens .

[694spdRT]

Where are you getting confused that the Charger and 300 are excluded? I was under the impression that if your clunker had a government MPG rating of 18 or less you could clunker it and buy what ever you wanted. If the new vehicle was 8 MPG rating more then your clunker you got 4500$ otherwise it was 3500$.

Todd

The new car has to get a combined City/Highway of 23mpg while an SUV/truck needs to get 15mpg or better. So if I wanted to trade an old truck that got 13mpg or less in on a Charger that gets 18mpg combined I can't. However, I can trade it on a SUV or truck that gets worse than the Charger.

For cars it is 4mpg to 9mpg greater = $3500, 10mpg or over $4500.
For SUVS and small trucks it is 2mpg to 4mpg greater =$3500, 5mpg or over $4500.
Heavy trucks just get $3500 as there are no MPG ratings.

[moparstuart]

according to cardomain  2 billion more approved 


July 31, 2009

Too Much of a Bad Thing: $2 Billion More For Clunkers
By John Coyle

Deputy Editor
While the Cash for Clunkers program hasn't been well-received by members of CarDomain, it's proven incredibly popular with, like, everyone else. Yesterday, we got news the program might run out of money in September, but apparently reports of its death have been greatly exaggerated. This morning the House voted to pump another two billion bucks into Clunkers, which insures we'll be seeing even more sad pictures of doomed vehicles than we originally thought. Details over at MSNBC.com.

 

[rav440]

 None of them i'm dealing with have started seizing the engine yet for fear they get shafted .

Not a bad idea too wait. If purchase contracts are signed the buyer is fine, the dealer is  .

from what i understand the dealer is fine its the buyer that gets the shaft if the money falls through .

[Brock Samson]

 On the radio they were saying how wildly successful this program is,.. I have my doubts about that, I think it depends on whos viewpoint is doing the assesment,.. It is getting folks into the showrooms which is fine,.. I guess... most folks seem to buying the more efficient Imports like hondas and such,.. to maximise their value...
  a lot more economy cars being sold and alot less SUVs i guess...   
my fleet doesn't qualify, how about you guys?..

[NHCharger]

A lot of the Dealers around here are nervous about this deal. They don't know when their getting the money from the gubbument, there is no one they can call/contact that is of any help, the website that they are supposed to use for this program has crashed several times. One Dealer has actually pulled out of the program and is refusing to honor any deal made after Wednesday.
As one Dealer noted, " Can't wait to see how the government run health program will work".

[sunroofsuperbird]

The Dealership I work for is paying the local junkyard here $100.00 to haul ours off? I should have signed up for this program? I own a salvage yard also? how did you get signed up sturat? We are not allowed to touch anything on them at work? we have got some very nice cars in also. I may post pics later.

[moparstuart]

The Dealership I work for is paying the local junkyard here $100.00 to haul ours off? I should have signed up for this program? I own a salvage yard also? how did you get signed up sturat? We are not allowed to touch anything on them at work? we have got some very nice cars in also. I may post pics later.

You had to be an ELVS approved mercury switch recycler . 

  You can call ELVS  877-225-3587 AND ASK  ?

[69bronzeT5]

Somebody posted this on Moparts.......somebody traded this in as a "clunker". What a waste