While the U.S. saw a 37 percent decline in auto sales last month, AFP reports, “German auto sales shot up 40 percent in March compared with the same month in 2008 in what analysts on Thursday called a “shopping frenzy” that will lighten the recession in Europe’s top economy.” The boost, the German VDA Automobile Federation says, “was due to a government bonus for scrapping old cars for newer, greener models as well as a larger Read more…
One proposed solution to prop up new-car sales in the United States involves paying bonuses to owners of older vehicles who send their cars to the scrapyard and buy new ones.
Proponents say that not only does the auto industry benefit, but so does the environment, as emissions decrease and fuel economy typically improves in newer models.
Critics, however, say that scrapping older vehicles hurts collectors by reducing the Read more…
We hope you haven’t sold the Cutlass Supreme to the junk man just yet.
The Detroit News reports, “An Ohio congresswoman has proposed a wide-ranging program to give consumers up to a $5,000 cash voucher to buy new, more fuel-efficient vehicles. Rep. Betty Sutton (D-Ohio) proposes giving consumers vouchers in exchange for turning in vehicles at least eight years old, dubbed the Consumer Assistance to Recycle and Save Read more…
Sadly, Barack Obama is no longer interested in purchasing your Dodge Shadow convertible, and then condemning it to the melting it has long deserved.
The Detroit Free Press reports that Senate “backers of a plan to give owners of old vehicles $10,000 toward buying a new, more fuel-efficient model withdrew their plan” late last week as negotiators sought to shrink the price tag of the proposed economic recovery package Read more…
Uncle Sam wants your ‘88 Ford Bronco, and he’s willing to overpay.
Under a proposal introduced in Congress on Wednesday, the federal government may pay Americans to turn in older, higher-emissions cars and buy new, more efficient models, or decide to ride public transit. The money would be paid in the form of a voucher that could be used toward the purchase of a newer car, or toward commuting costs on public transit, Read more…
