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CASH FOR CLUNKERS RESULTS
November, 2009
Top 10 Trade-Ins
Ford Explorer 4WD
Ford F150 Pickup 2WD
Jeep Grand Cherokee 4WD
Ford Explorer 2WD
Dodge Caravan/Grand Caravan 2WD
Jeep Cherokee 4WD
Chevrolet Blazer 4WD
Chevrolet C1500 Pickup 2WD
Ford F150 Pickup 4WD
Ford Windstar FWD Van
Top 10 Purchases
Toyota Corolla
Honda Civic
Toyota Camry
Ford Focus FWD
Hyundai Elantra
Nissan Versa
Toyota Prius
Honda Accord
Honda Fit
Ford Escape FWD
This program resulted in $2.87 billion in vehicle rebate applications,
just under the $3 billion provided by Congress to run the program, according
to the U.S. Department of Transportation. At total of 690,114 cars were
replaced by more fuel-efficient vehicles.
All of the top 10 vehicle models traded in were manufactured by the
Big 3 automakers, while eight of the top 10 vehicles purchased were
foreign brands.
The program provides good news for the environment. 84% of consumer
trade-ins were trucks, while more fuel-efficient passenger cars accounted
for 59 percent of new purchases.
The average fuel economy of the vehicles traded in was 15.8 miles per
gallon compared to 24.9 mpg for the vehicles purchased - an improvement
of 58 percent.
CONGRESS PERMANENT SOLUTION FOR "CASH FOR
CLUNKERS"
Two U.S. Senators have introduced Senate Bill 1620, the
"Efficient Vehicle Leadership Act." S.B. 1620 would amend
the Internal Revenue Code of 1986 to provide tax incentives and fees
for increasing motor vehicle fuel economy.
The bill, which proposes a permanent solution for "Cash For Clunkers",
has been referred to the Senate Committee on Finance. The two Senators
are members of that committee.
Motorists who buy models that exceed Corporate Average Fuel Economy
(CAFE') Standard will receive a "fuel performance rebate,"
an amount tied to the fuel savings over and above the relevant CAFE'
standard. The savings can range from several hundred dollars to several
thousand dollars.
CALIFORNIA DEBATES ANTI-STEERING LAWS
California's existing law prohibits insurers from requiring
that an automobile be repaired at a specific automotive repair dealer.
Under existing law, an insurer may suggest or recommend a specific automotive
repair shop under certain circumstances.
If Hayashi's bill is passes, A.B. 1200 would allow insurers to recommend
repair shops to their clients. Further, it would authorize an insurer
to provide specific truthful and non- deceptive information to the claimant
during the claims process.
ASA WEB WAYS-HELP WANTED
Did you know that any automotive industry professional
can post his or her resume' free of charge? And anyone can view resume's
or help wanted ads through the "Employment Classifieds"
For Appointments : 928-282-6621 or terri@redrockprecisionmotors.com
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