French Economy Minister, Christine Lagarde, said that the Economic and speaker-for-prime à la deng scheme should be extended for another two years.
The original plan was to phase out the program before the end of this year, but the government believes that the passenger
car market will probably crash if the stimulus euro has now been withdrawn.
To € 1000 grant from the government, the French buyer car to replace an old car which has CO2 emissions below 160 g / km. Lagarde said the program has contributed to date, the producers mainly French and removed about 330.000 clunk from the road
Wednesday, September 2, 2009
Thursday, August 27, 2009
Cash for clunkers in the budget, with 690,000 sales
WASHINGTON:Cash for Clunkers popular program generated about 700,000 new cars in recent months as the American automobile industry in a much-needed jolt of activity during the deepest decline in auto sales over the past two decades.
The government, releasing the final details of the auto incentives, announced today that retailers send 690,114 sales totaling 2.88 billion dollars, making the program's budget of just under 3 billion U.S. dollars.
Japanese car makers led by U.S. firms with the new car through the program, which ended late on Monday.
Many operators are still waiting to be reimbursed in cash incentives for Clunkers give car buyers and was allowed to submit the paperwork to request reimbursement until late Tuesday.
During the summer madness of dealers, analysts said the growth in sales of cars may be short-lived. Sales in July rose to 11.2 million, when converted into annual interest rate, the first month in 2009, where sales have increased more than 10 million level.
Declining consumer confidence late last year sent sales fall to depths not seen since the beginning of 1980, which prompted the legislature to create the program.
Jeremy Anwyl, CEO of auto Web site Edmunds.com, said that sales of cars and clearly derived from the strong increase in sales. But while incentives have helped consumers, the average price of the vehicle appeared as buyers rushed less worried discounts used.
Lack of supplies from the popular program to maintain high prices and a decline in sales of new vehicles. "We sell bubble and now that the bubble has burst," Anwyl said.
Obama said that the program a great success, says in cash Clunkers necessary stimulus for the automotive industry and the economy in general.
"Mountain added production shifts and job losers. Showroom Agony were brought back to life, and consumers buy fuel-efficient cars that save money and improve the environment," said Transport Minister Ray LaHood.
White House Council of Economic Advisers said the program will support economic growth in the third quarter of 0.3 to 0.4 percentage points due to an increase in car sales in July and August. It is estimated that about 42,000 jobs will be created or saved in the second half of the year, said the White House.
The biggest beneficiaries have been the Japanese industry, Toyota, Honda and Nissan, which accounted for 41 percent of the sale of new vehicles. That exceeded the Detroit carmakers, General Motors, Ford and Chrysler, which had a share of almost 39 percent. Toyota Motor Corp.
led the industry with 19.4 percent of new sales, followed by General Motors Co. with 17.6 percent and Ford Motor Co. with 14.4 percent.
Toyota Corolla was the most important purchase of new vehicles under the program. Honda Civic, Toyota Camry and Ford Focus was held over the next three places higher. All four are based in the United States.
The program, started in late July, offering discounts to consumers about $ 3500 and $ 4500 off a new vehicle in exchange for trading in their older, less fuel-efficient vehicles to be excluded. Trade-in vehicles must get 18 miles per gallon or less.
This proved much more popular than lawmakers originally thought. Congress has added another 2 billion dollars in the first 1 billion dollar budget, when the first pot of money, almost ran the week. The money should last through Labor Day, but the only funding lasted about a month.
Dealers said sales of new, but showed significant problems with trying to convince the government to pay back their discounts. Many operators are still waiting to be paid.
Peter Kitzmiller, president of the Maryland Automobile Dealers Association, said most retailers appeared to get their documents in time for Tuesday night and hoped to accelerate the pace of repayment.
Department of Transportation has announced that 2,000 people are processing applications of dealers. The program will be 50 million U.S. dollars for the administration, but transport officials said that the administrative cost would exceed that amount.
They expressed confidence in extra costs will push the total program cost over 3 billion dollars.
Some consumers may be regretting their purchases clunkers, especially when many buyers traded in a drive-off payment in exchange for new cars financed through loans.
Survey Money 1000 for participants Clunkers conducted by CNW Research, the automotive research firm in Oregon, found that 17 percent of the doubts about the purchase of a vehicle after taking the monthly payments of $ 275 cars -- $ 350 per month.
The government says that 84 percent of trade-in trucks and 59 percent of new vehicles cars. New vehicles purchased in cash Clunkers the average fuel efficiency of 24.9 miles per gallon, compared to an average of 15.8 mpg for trade-in, a 58 percent improvement.
American Society responsible for all top-10 traded-in vehicles. Ford Explorer four-wheel drive is the most popular, followed by Ford F-150 Pick-up two wheel drive, Jeep Grand Cherokee four-wheel drive Ford Explorer and two-wheel drive.
The government, releasing the final details of the auto incentives, announced today that retailers send 690,114 sales totaling 2.88 billion dollars, making the program's budget of just under 3 billion U.S. dollars.
Japanese car makers led by U.S. firms with the new car through the program, which ended late on Monday.
Many operators are still waiting to be reimbursed in cash incentives for Clunkers give car buyers and was allowed to submit the paperwork to request reimbursement until late Tuesday.
During the summer madness of dealers, analysts said the growth in sales of cars may be short-lived. Sales in July rose to 11.2 million, when converted into annual interest rate, the first month in 2009, where sales have increased more than 10 million level.
Declining consumer confidence late last year sent sales fall to depths not seen since the beginning of 1980, which prompted the legislature to create the program.
Jeremy Anwyl, CEO of auto Web site Edmunds.com, said that sales of cars and clearly derived from the strong increase in sales. But while incentives have helped consumers, the average price of the vehicle appeared as buyers rushed less worried discounts used.
Lack of supplies from the popular program to maintain high prices and a decline in sales of new vehicles. "We sell bubble and now that the bubble has burst," Anwyl said.
Obama said that the program a great success, says in cash Clunkers necessary stimulus for the automotive industry and the economy in general.
"Mountain added production shifts and job losers. Showroom Agony were brought back to life, and consumers buy fuel-efficient cars that save money and improve the environment," said Transport Minister Ray LaHood.
White House Council of Economic Advisers said the program will support economic growth in the third quarter of 0.3 to 0.4 percentage points due to an increase in car sales in July and August. It is estimated that about 42,000 jobs will be created or saved in the second half of the year, said the White House.
The biggest beneficiaries have been the Japanese industry, Toyota, Honda and Nissan, which accounted for 41 percent of the sale of new vehicles. That exceeded the Detroit carmakers, General Motors, Ford and Chrysler, which had a share of almost 39 percent. Toyota Motor Corp.
led the industry with 19.4 percent of new sales, followed by General Motors Co. with 17.6 percent and Ford Motor Co. with 14.4 percent.
Toyota Corolla was the most important purchase of new vehicles under the program. Honda Civic, Toyota Camry and Ford Focus was held over the next three places higher. All four are based in the United States.
The program, started in late July, offering discounts to consumers about $ 3500 and $ 4500 off a new vehicle in exchange for trading in their older, less fuel-efficient vehicles to be excluded. Trade-in vehicles must get 18 miles per gallon or less.
This proved much more popular than lawmakers originally thought. Congress has added another 2 billion dollars in the first 1 billion dollar budget, when the first pot of money, almost ran the week. The money should last through Labor Day, but the only funding lasted about a month.
Dealers said sales of new, but showed significant problems with trying to convince the government to pay back their discounts. Many operators are still waiting to be paid.
Peter Kitzmiller, president of the Maryland Automobile Dealers Association, said most retailers appeared to get their documents in time for Tuesday night and hoped to accelerate the pace of repayment.
Department of Transportation has announced that 2,000 people are processing applications of dealers. The program will be 50 million U.S. dollars for the administration, but transport officials said that the administrative cost would exceed that amount.
They expressed confidence in extra costs will push the total program cost over 3 billion dollars.
Some consumers may be regretting their purchases clunkers, especially when many buyers traded in a drive-off payment in exchange for new cars financed through loans.
Survey Money 1000 for participants Clunkers conducted by CNW Research, the automotive research firm in Oregon, found that 17 percent of the doubts about the purchase of a vehicle after taking the monthly payments of $ 275 cars -- $ 350 per month.
The government says that 84 percent of trade-in trucks and 59 percent of new vehicles cars. New vehicles purchased in cash Clunkers the average fuel efficiency of 24.9 miles per gallon, compared to an average of 15.8 mpg for trade-in, a 58 percent improvement.
American Society responsible for all top-10 traded-in vehicles. Ford Explorer four-wheel drive is the most popular, followed by Ford F-150 Pick-up two wheel drive, Jeep Grand Cherokee four-wheel drive Ford Explorer and two-wheel drive.
Wednesday, August 26, 2009
Canada should resist the temptation to attribute the demolition
Judged on its core objectives the United States government "cash for Clunkers" program was completely successful.
He gave a lot of money for free. But it's the kind of success that Ottawa should be avoided.
Cash Clunkers - its official name is auto discount system of quotas - which offers up to $ 4,500 (U.S.) in government bonds to buy a new car, if you have more fuel efficient trade-in. It aims to stimulate sales of older vehicles programs imitated in Europe.
At the last count, months-long program has facilitated more than 625,000 new car purchases. The uptick in demand was cited as a reason for moving planned new factories General Motors Co, in Ingersoll, Ont., And Lordstown, Ohio. It is strange that the response to the program seems to surprise the politicians. The first $ 1 billion loss in less than a week. Congress, compelled to add that extra $ 2 billion, reported in a way that goes to a day of work. Last night, but I ran dry. It turns out that free money is very popular.
All of them are the Canadian Automobile Dealers Association challenging a similar program for Canada.
The federal government already offers small-scale version, called Rest Your Ride, which offers $ 300 in cash or a bike without a discount car-sharing membership.
Yet with the objectives of environmental policy, and car dealers in Canada are probably right in saying that there was a modest incentives are "ineffective" in the new sales management. But what is obtained by multiplying by ten times the money?
Despite the success in cash Clunkers seems so far to the sale or a new round is likely to be only temporary. Government incentives of this type tend to depress the existing demand rather than create new interest. The race to get free money, are creating a vacuum sales tomorrow, along with other unintended consequences.
In France, Christian Streiff, Chairman of PSA Peugeot Citroën, incentive programs described as "dangerous instrument" as an inevitable decline in sales when it expires. In Germany, the furniture manufacturers have complained that the incentives auto cannibalized other important purchases, no net gain for the economy.
Italy has a number of initiatives run-commerce, dating back decades, it tends to become a habit. Call to return the money for Clunkers is very likely that, once the sensation of headache in the coming months.
Moreover, because most of our production is exported to USA, Canada, are already enjoying the immediate benefits of the efforts of the United States - including transfer to the new Ingersoll - at no cost to taxpayers. Any Canadian program would be minimal, even in the short term. Give up, would prevent cars from government incentives to become a permanent dependence on consumers. And doing nothing is the best deal in progress.
Cash for clunkers: Attracted buyers of used cars to buy new cars
The Government "Cash for Clunkers" program managed to convince people that went to buy used cars to buy new cars, however, the study found.
But some of them may now regret.
The number of cars of customers who said they decided to buy car news, rather than use have changed significantly since July, when it was 12% in August, when it was 20%, Kelley Blue Book Market Intelligence is a poll says. Cash Clunkers, where the government came to $ 4500 in incentives for new car buyers, when trading on the old, inefficient one, which began in late July and ended on Monday.
The survey of almost 1000 participants in the program found 17% say they have doubts or serious concerns about purchasing a new car, "says CNW Market Research. The majority said that now regret, and $ 275 -350 dollars a month car payment, which had previously acquired. Typically, hits buyers remorse 'around 6% and 8% of new vehicle buyers within a month. but traders have no regrets that:
KBB says clunkers program has been great for traders. Approximately 59% of clients indicated that likely to visit a dealership to take part in the cash for Clunkers. Half of the respondents said that they often think Toyota because of its cash incentives for Clunkers, and 47% are inclined to visit the Ford dealer. Toyota, General Motors and Ford picked up the most cash from the sale Clunkers.
"Money for Clunkers success in the consumer mind-set to shop for a new car again, despite the economic difficulties the country is experiencing," said Rick Wainschel, Senior Vice President, market research and business strategies for Kelley Blue Book.
Subscribe to:
Posts (Atom)