Cash for Clunkers: Some Tidbits & Updates – August 12, 2009

August 12, 2009 at 6:07 pm

  • Autoblog says that as of today’s there’s $1.66 billion left in the replenished Cash 4 Clunkers program. If consumers continue buying cars at the current rate, that’s just about 28 days until the program is tapped out.  As of August 7, U.S. auto dealers had received 245,000 Clunkers worth $1.03 billion as of. Today is Wednesday, August 12 and those numbers have swelled by 71,000 cars and $300 million.
  • Streetsblog CapitolHill has a nice peice that compared the ecological benefits from both the clunkers (Cars and Refigerators).  I swear to god that I had no knowledge of the Cash for Refrigerators till today.  In the Cash for Clunkers(C4C) Vs. Cash for Refrigerators(C4R)  battle, C4C’s cousin,   ” Cash for refrigerators” program typically offers between $25 and $50 for the removal of old fridges that emit chlorofluorocarbons (CFCs), the chemicals behind the growing ozone hole that were eliminated from home appliances in the 1990s. Ridding a home of a CFC-spewing fridge removes about five tons of carbon dioxide from the atmosphere, recycler Sam Sirkin told the New York Times last week. That works out to a cost of $10 per ton for the richest refrigerator rebate program — more than 10 times cheaper than “cash for clunkers.
  • Autoblog says not all clunkers in Germany being junked; some are “stolen” from the junkyard.
  • Wired reports that SUVs Officially Dead as Explorer Tops Cash-for-Clunkers Trades; Ford Explorers, the once-beloved, occasionally unstable and often-maligned vehicle that spawned countless imitators.
  • Tree Hugger discusses Bill Clinton’s suggested “EVs for Clunkers” at National Clean Energy Summit – Yesterday at the National Clean Energy Summit in Las Vegas, Bill Clinton suggested that the Cash for Clunkers program could serve as model to speed up the adoption of electric cars.
  • Streetsblog Captiol Hill finds out Citigroup’s “Cash for Clunkers” Contract is Worth $7.7 Million.