Friday, November 13th, 2009
Describes Edmunds.com Clunker Estimate of $24,000 as ‘Overstated and Misleading’
After a thorough review of the Cash for Clunkers program, the chief economist of the National Automobile Dealers Association (NADA), Dr. Paul Taylor, determined that the cost of each incremental vehicle sold was around $4,587. An incremental sale is a sale that would not otherwise have occurred without the Clunkers program.
His findings bring into serious question the methodology behind the $24,000 estimate promoted last week by the car-buying Web site Edmunds.com.
“It’s really not that hard to determine a credible cost estimate for the Clunkers program,” says Taylor. “You subtract projected sales from actual sales for July and August when the Clunkers program was operating, and divide the program’s $3 billion by that number.”
Taylor says that, based on sales volume for previous months, a realistic projection of auto sales for July and August would be around 1,600,000. Actual sales for those two months totaled 2,253,963. The difference is 653,963. That’s the number of incremental sales generated by the Clunkers program. Divide the program’s $3 billion by that number and you get $4,587, the average cost per incremental Clunker sale. (more…)
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Posted in Auto Insurance, Automotive, Business & Services, Insurance, News, Share | 9 Comments »
Friday, November 13th, 2009
NADAguides.com Gives Consumers Hope by Listing Industry’s Best Car Deals
NADAguides.com, the leading provider of pricing information and market research for cars, classics, RVs, motorcycles and boats, has more relief in store for consumers. With the “Cash for Clunkers” or Cash Allowance Rebate System (CARS) program over, NADAguides.com has taken the initiative to provide consumers with the hottest deals on the market with Incentives & Rebates that not only rival the Cash for Clunkers program, but in many instances provide consumers with even better deals. The Cash for Clunkers program utilized a trade-in system to remove certain vehicles from the market and incentivized consumers with either a $3,500 or $4,500 rebate. NADAguides.com has identified 10 deals that put even more money back in the pockets of consumers.
“There is no doubt the Cash for Clunkers program sparked great interest with both consumers and auto dealers. Since the conclusion of the program, consumers have been left searching for the next best deal,” said Mike Caudill, NADAguides.com auto expert and spokesperson. “Our Incentives & Rebates are updated daily and this is something no other research site is doing. We want consumers to know there are still great deals out there on new vehicles and with a simple click, they can identify a host of programs that fit their budget and open up their options.”
(more…)
Tags: Auto Insurance, auto insurance comparison, auto insurance quotes, auto insurance quotes online, cash for clunkers, cheapest auto insurance, instant aut, kelly blue book, kelly bluebook, nada, nada blue book, nada bluebook, nada guides, nada motorcycle, nada rv, nada.com, nadaguides.com nada.com used cars
Posted in Auto Insurance, Automotive, Business & Services, Insurance, Marketing, News | 4 Comments »
Friday, October 30th, 2009
Auto Insurance Comparison
It is always a great idea to compare auto insurance in order to find the most suitable insurer. Simply complete the the following form and quickly make an auto insurance comparison of rate quotes and other important factors such as financial stability.
When comparing auto insurance, take the following into consideration: (more…)
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Posted in Auto Insurance, Insurance | 23 Comments »
