When Massachusetts announced their cash-for-clunker appliance rebate program, Consumerist bet it would last one day before the rebate cash ran dry. We were wrong — it took less than three hours. [More]
Last night, “The Daily Show with Jon Stewart” addressed one of the crucial economic policy questions of our time: why do the Ivy League snobs in the Obama administration hate Truckasaurus so much? See, the Cash for Clunkers program thoughtlessly deprived demolition derbies and monster truck rallies of the elderly cars they need in order to remain totally awesome.
The main problem with the energy-efficient rebate program the federal government has planned is that it just doesn’t have a catchy enough name, editors’ and bloggers’ efforts notwithstanding. Dollars for Dishwashers? Cash for Kelvinators? Even its official acronym, SEEARP (State Energy Efficient Appliance Rebate Program) isn’t very mellifluous even if you belch it.
Dan and Tara took advantage of the Cash for Clunkers program, trading in their 2001 Nissan X-Terra for a $3,500 government-backed discount with the assurance that their gas guzzler would be taken off the road for good, as Cash for Clunkers mandated.
Edmunds.com, the car info website, is asking people who participated in the short-lived Cash for Clunkers program to contact them if something went wrong. Although they can’t fix any problems, they’re trying to collect data on consumers who are being asked to pay back the government rebate after already being approved, which was forbidden under the rules of the program, so they can present the data to the National Highway Traffic Safety Administration.
Jim decided to take advantage of the Cash For Clunkers program and trade his Crown Victoria in on something a little more fuel-efficient. Unfortunately, the dealership where he bought the car wasn’t quite ready to handle one of the most frightening of all creatures: an informed consumer. They counted on their customers to not fully understand all of the program’s rules.
Some initial statistics are in on the vehicles traded in and purchased in the “Cash for Clunkers” program. Unsurprisingly, 80% of the vehicles traded in are trucks or SUVs, and the top sellers among car-buyers come from Honda, Toyota, and Ford.
Move over soccer moms and drug runners. Now that SUVs are heading for junk piles, the latest face of the SUV driver is the American teenager. As Abram Sauer reports at TheAwl, this is not good:
Earlier today, the House approved an additional $2 billion for the Cash for Clunkers program. Don’t celebrate yet, though. Consumer Reports Cars warns that it’s best to wait a while before trying to trade in your inefficient car to make sure that the program stays in place, and that you really will get your rebate. (Photo: G Travels)
The government announced this evening that the Cash For Clunkers program is fantastically successful. So successful, in fact, that the program ran through its almost $1 billion budget in four days, and has been suspended.
PREVIOUSLY: EPA Tweaks Official MPGs Prior To Cash4Clunkers, Shafting Some (Photo: morsteen)