The new ‘Cash for Clunkers’ plan was a big hit when it opened a week ago Friday. Cash for Clunkers was the #1 search word on Google. But it was too big of a hit; it might seem for the government. The six month supply of money that was used to pay back the dealerships was gone within the week. Nobody anticipated this to be so popular. Congress is trying to get another 2 billion to pay back the dealerships, but no money has been granted yet.
On the first day of Cash for Clunkers, Dealers all around the country received the rules of the program. The Clunker must be drivable and has to be continuously insured and registered to you for one year. Trade in cars must get no more than 18 miles to the gallon. The Dealer is destroying your old car. And the Dealer’s retail price for the trade it cannot except $45,000.
On the first weekend, dealerships saw a 20% – 30% increase in new car sales. But, as they went in to submit the information required to get the refund, they found the website constantly down due to the overload of people using the website. It is still this way today.
The top car model that was traded in over the past couple of weeks was the 1998 Ford Explorer. In a close second and third is the 1997 and 1996 models. The Toyota Corolla and Prius are numbers three and four in top cars to trade in for.
If you have a 1984-89 model year vehicle, please check the CARS Vehicle Eligibility Guide to determine whether your vehicle meets the eligibility requirements.
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Competition between Toyota Motor Corp and Honda Motor Co. in the hybrid vehicle market is intensifying, with Honda hoping to gnaw away at the dominance of Toyota’s Prius by launching new hybrid models.
The fierce competition between the two leading Japanese automakers may lead to lower hybrid prices, which means more hyrbids out on the road.
The latest version of the Prius is so popular that would-be owners who place orders now must wait until mid-March 2010 at the earliest for delivery.
Hybrid vehicles make up more than half of Honda’s sales volume. Thanks to tax breaks and other government incentives, hybrids have become mainstream vehicles faster than expected.
Using genuine Toyota parts
, the Toyota hybrids are built stronger, and are made to last. I think they will always have the upper-hand against Honda
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Toyota Motor Corporation (TMC) announced that, as part of its social contribution activities, it will hold the 28th Toyota Lobby Concert on the first floor lobby of the Tokyo Head Office in Bunko Ward, Tokyo. It is planned for July 30, and it will feature the instumental ensemble Tsukemen, which includes two violinists and a pianist.
The Toyota Lobby Concert aims to provide nearby residents and people in nursing homes a chance to listen to a live performance. Since 1995, volunteers, with help from the local community, organize these concerts
At the concert, the Toyota Volunteer Center will accept redeemable items * i.e. used stamps or phone cards *.The proceeds of these donations will help provide scholership aid to children in Thailand, Laos, and Japan. This will promote a greater social understanding of people with mental disabilities and people in nursing homes.
Thanks to all the Toyota dealers who are willing to donate items for this event. With their sales of cars and genuine toyota parts, it is lucky to have these donations.
TMC is providing 400 complimentery tickets to those residents in the local nursing homes and to the general public. To apply for a ticket, please visit http://www.toyota.co.jp/lobby_concert/.
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