Transportation Sec'y LaHood: Gov't on track to reimburse dealers for 'Clunkers' by Sept. 30September 10th, 2009 LaHood: Gov't paid dealers $1.2B for 'Clunkers'WASHINGTON — Transportation Secretary Ray LaHood says the government has approved $1.22 billion in reimbursements to car dealers for sales under the Cash for Clunkers program. LaHood said Thursday the government is on track to pay eligible dealers by a Sept.
Gov't has paid dealers $500M for 'Clunkers'; Dealers should be reimbursed by Sept. 30September 3rd, 2009 US approves $500M to dealers for 'Clunkers'WASHINGTON — The government has approved $500 million in reimbursements to car dealers for sales under the Cash for Clunkers program and dealers should be paid by late September, officials said Thursday. Auto dealers have complained that the Obama administration has been slow to pay them for the car purchase incentives of up to $4,500.
AutoNation to order more vehicles in 4Q; feds owe dealer chain $54M from clunkers programSeptember 2nd, 2009 AutoNation to order more cars as it waits for $54MAutoNation Inc. said Wednesday it will increase vehicle orders in the fourth quarter as it seeks to restock showroom floors emptied out during the Cash for Clunkers program.
Government deadline extended for dealers to submit Cash for Clunkers paperworkAugust 25th, 2009 Government extends deadline for clunkers paperworkWASHINGTON — Car dealers will have a bit more time to get reimbursed for their Cash for Clunkers deals after the government extended the deadline for filing applications for the $3 billion government incentives into Tuesday. All sales under the program ended Monday evening.
Deadline extended for dealers to submit Cash for Clunkers deals; sales cutoff still MondayAugust 24th, 2009 Gov't extends deadline for clunkers paperworkWASHINGTON — Car dealers have a few more hours to get reimbursed for their Cash for Clunkers deals after the government extended the deadline for filing applications for the $3 billion government incentives into Tuesday evening. All sales under the program ended Monday evening.
Dealers keep up hectic pace as customers race to buy cars before Cash for Clunkers ends MondayAugust 23rd, 2009 Cash for Clunkers program heads into final dayIt was a race to the finish for dealers and customers alike as the government's Cash for Clunkers program headed into its final lap on Monday. Over the weekend, car dealers across the country watched their lots grow empty as crowds rushed to trade in gas guzzlers after the government said that the $3 billion rebate program would end at 8 p.m.
Summary Box: A look at Cash for Clunkers' final weekend rushAugust 23rd, 2009 Summary Box: Cash for Clunkers' final weekendTHE RUSH: Customers streamed into dealerships to take advantage of the Cash for Clunkers program before Monday's 8 p.m. EDT deadline.
With just a weekend left, dealers say Cash for Clunkers sales may be hard to makeAugust 22nd, 2009 Dealers wary of Cash for Clunkers final pushWASHINGTON — Auto dealers are bracing for a possible rush of last-minute shoppers before the Cash for Clunkers program ends Monday, but some buyers may find they won't be able to cash in on big government rebates. Dealers are increasing staff for the last weekend of the $3 billion program.
Toyota Corolla remains atop Cash for Clunkers top sellers listAugust 21st, 2009 Toyota Corolla still Cash for Clunkers top sellerWASHINGTON — The Toyota Corolla remained the top-selling vehicle under the Cash for Clunkers program, according to data released Friday by the government. Asian automakers also continued to increase their share of sales under the government incentive program that offers car buyers rebates on new vehicle purchases of $3,500 or $4,500 in return for turning in older, less fuel efficient vehicles.
A look at the Cash for Clunkers program, which is scheduled to end MondayAugust 21st, 2009 A look at the Cash for Clunkers programThe Department of Transportation said Thursday it intends to end the Cash for Clunkers program on Monday at 8 p.m. EDT. Here's a look at the $3 billion car incentive program.
AP Source: Obama administration to wind down Cash for Clunkers on MondayAugust 20th, 2009 AP Source: Cash for Clunkers to end on MondayWASHINGTON — The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday, giving car shoppers a few more days to take advantage of big government incentives. The Transportation Department said Thursday the government will wind down the program on Monday at 8 p.m.
Government Cash for Clunkers program uses up $1.81 billion out of $3 billion potAugust 19th, 2009 Cash for Clunkers up to $1.81 billionWASHINGTON — Auto dealers have made Cash for Clunkers deals worth $1.81 billion, according to data released Wednesday by the federal government. The program offers car buyers rebates of $3,500 or $4,500 for trading in older vehicles for new, more-fuel-efficient models.
NY dealers say unpaid Cash for Clunkers claims mounting, prompting many to pull out of programAugust 19th, 2009 NY dealers pull out of clunkers programNEW YORK — Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday. The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates.
Bank of America upgrades AutoNation shares to 'Buy' on activity from 'clunkers' programAugust 17th, 2009 Analyst upgrades dealer chain AutoNation to 'Buy'NEW YORK — Bank of America Merrill Lynch raised its estimate on AutoNation Inc. Monday, citing an increase in auto sales due to the "Cash for Clunkers" rebate program.
AutoNation profit falls 29 pct in 2nd-qtr on lower revenue, but adjusted earns beats viewJuly 31st, 2009 AutoNation 2Q profit falls 29 pct, revenue fallsRICHMOND, Va. — AutoNation Inc., the nation's largest auto dealership chain, said Friday that its second-quarter profit fell 29 percent as consumers bought fewer cars in a stressed economy, but remained optimistic that the industry is beginning to stabilize.
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