AutoNation to order more vehicles in 4Q; feds owe dealer chain $54M from clunkers program

September 21st, 2009 Top-selling vehicles through Cash for ClunkersThe government posted new data late Friday on the government's Cash for Clunkers rebate program. Here's a look at the top-selling new vehicles through the program when multiple engine options, flexible-fuel vehicles and hybrid versions are taken into account.

September 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.

August 22nd, 2009 AutoNation stops offering Cash for Clunkers earlyLOS ANGELES — AutoNation Inc., the nation's largest auto dealership chain, said Saturday it hit the brakes on the popular Cash for Clunkers program three days early because it wants to make sure it can submit the paperwork on thousands of sales to the government before a Monday evening deadline. Under the rebate program, dealerships need to enter their Cash for Clunkers sales into a government Web site before the program expires on Monday at 8 p.m.

August 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.

August 20th, 2009 WH understands frustration with Cash for ClunkersWASHINGTON — The White House says it understands some of the frustration automobile dealers are feeling about the government's Cash for Clunkers vehicle trade-in program. The program gives consumers up to $4,500 to trade in older vehicles for newer, more fuel-efficient ones.

August 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.

August 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.

August 13th, 2009 Consumers get more flexibility on clunkers programWASHINGTON — Car shoppers running into shortages of certain vehicles at dealerships will still be able to use the Cash for Clunkers program to reserve the car of their choice, the Obama administration said Thursday. The Transportation Department said consumers who want to purchase a new vehicle not available on a dealer lot would still be eligible for the car rebate program if they ordered it from the manufacturer.

August 7th, 2009 Dealers push new program to boost trade-in valuesNEW YORK — A group of car and truck dealers have banded together to offer their own sales incentives in hopes of getting drivers who don't qualify for the "cash-for-clunkers" program to buy vehicles. The privately funded Automotive Stimulus Plan, which currently involves about 40 dealers from across the country, is designed to help fill in the gaps left by the government's program, said Brian Benstock of Paragon Auto Group in New York City.

August 7th, 2009 The top "cash for clunkers" vehiclesHere are the top 10 most popular vehicles purchased and traded under the government's "cash-for-clunkers" program as of Aug. 5: TOP 10 NEW VEHICLES PURCHASED 1.

August 3rd, 2009 Cash for Clunkers boost Ford's July sales 1.6 pctDETROIT — Ford Motor Co. says July sales rose nearly 1.6 percent over the same month last year as the government's wildly successful "cash-for-clunkers" program gave the automaker a significant boost.

July 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.

July 29th, 2009 EPA alters eligibility of 164 'Clunkers' trade-insNEW YORK — A review of fuel-economy data has changed the eligibility of 164 trade-in vehicles in the government's "cash for clunkers" program. The Environmental Protection Agency says 78 vehicles that used to qualify as trade-ins under the program no longer qualify.

July 22nd, 2009 Chrysler to match 'cash for clunkers' incentiveAUBURN HILLS, Mich. — Chrysler says it will match the $4,500 government incentive for people to trade in their old gas guzzlers for new vehicles under the "cash for clunkers" program.

July 22nd, 2009 Chrysler to double 'cash for clunkers' incentiveAUBURN HILLS, Mich. — Chrysler says it will double the $4,500 government incentive for people to trade in their old gas guzzlers for new vehicles under the "cash for clunkers" program.