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Smart Shopper Cash for Clunkers - Does it Work for You?
2647 messages, Last post on Oct 01, 2009 at 6:33 PM
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I Traded My Clunker and Bought a....?
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Replying to: ateixeira (Sep 04, 2009 10:38 am) They should target the ones that were NOT able to seal the deals But guess who gained the most market share for the 7th month in a row.  I figure I am about 6 moths to a year from throwing a whole lof "I told you so's" around this joint. 
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from what I remember reading, Ford did well, but so did Volvo (though that might have been reltated to new product?) The big gainer though was Subaru, though they had been doing well (one of a few up in 2009?) already. Might just be a case of right product, right timing? I do have to say Joel that the Ford fleet is vastly better than what they had a few years ago, and with the stuff coming from Europe in the next few, you should be busy. Amazing. All these years, the people that said the D3 just had to make better quality and desirable product to survive were right! Doesn't hurt that the Camry and Accord are going (IMO) down the wrong path.
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Replying to: stickguy (Sep 04, 2009 1:59 pm) |
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My dealer called me today to inform me that my rebate is in and I can pick up my car anytime. For those in similar situation wanting more info. here goes: I'm in mass. I signed my deal on AUG. 4 and the dealer told me on the phone that my rebate was #17 of 120 C4C deals they did 
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Now that this board will be put to sleep I'd like to relate one last sales story. I was talking to a friend today about his C4C experience. His story stuck in my mind because he traded an old truck on a new Accord. So many people had been beating up Honda for nasty attitudes and the "MSRP ONLY" tricks that I asked him to tell me the whole story. I think i mentioned before that he had gone to one Honda store and gotten a "take the color we have or forget it" attitude. He went to a second Honda store and they arrange to get the exact color he wanted with very friendly service. Today I asked him if the second store charged him MSRP. He told me that they took $3,000 off sticker right off the bat and gave him the full $4500 he was entitled to. They also gave him $100 salvage value for his clunker. He of course bought the car. So it seems that if you shopped around you could get a good deal. Don't you love a happy ending?
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Replying to: joel0622 (Sep 04, 2009 1:45 pm) guess who gained the most market share for the 7th month in a row. Subaru? They had a record month last month, and in a market that has tanked I think they may have roughly doubled their market share. Ford's lineup had improved dramatically, though I'd like to see a current Focus. They'll be fine. |
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The federal government is unlikely to recoup all of the billions of dollars that it has invested in General Motors and Chrysler, according to a new congressional oversight report assessing the automakers' rescue. The report said that a $5.4 billion portion of the $10.5 billion owed by Chrysler is "highly unlikely" to be repaid, while full recovery of the $50 billion sunk into GM would require the company's stock to reach unprecedented heights. No, Really?? Prediction: before the end of the year we have a government report that C4C wasn't all that great of an idea in light of displaced sales that are about to cause sales drops as the new model year vehicles don't sell as well as expected. But no doubt, some are going to be surprised when this happens.
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Replying to: pf_flyer (Sep 09, 2009 3:13 am) I really think it would have done more good if they had smaller incentives and made it last a bit longer. It just didn't last nearly long enough. |
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Why does every extra sale that happens, have to come at the expense of future sales? Auto sales aren't static. If they were, there would be an extra 7,000,000 sales waiting to happen, as that's how far down we are from the peak of five years ago.. I'm not sure a lower amount for each Clunker would have worked. A lot of the cars traded, had a decent cash value ($1500-$2000), as they had to be running, continuously insured and continously registered... If it gets any lower, there isn't enough of a premium, ergo less incentive to trade. Most dealers that sold C4C eligible cars had their best month in the last three years in August... Manufacturers cleared their stock of small cars, re-called laid off workers. 700,000 (mostly) fuel-efficient, low-polluting cars were put into service, with lower than average loan balances due to the large rebates. All for less money than the government spends propping up ethanol in a year... Yes.. we'll never see a return on the money given to GM and Chrysler (most likely).. But, I'd rather see the money go to taxpayers to help them buy one of their cars, than just write them another big check.
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logically, this program probably didnt pull forward as many sales as other incentives probably could (or have). At least anecdotally, a lot of people weren't planning to get rid of their old car, but the C4C was too good to pass up. so maybe they would have done something in the future. 6 months? A year? And quite likely, they may have bought used (being frugal and all!) But, I really have no idea how many of the people that did clunker deals were going to buy in sept.-oct. anyway, since those were the only real pull forwards. |
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