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…)
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Posted in Auto Insurance, Automotive, Business & Services, Insurance, Marketing, News | 4 Comments »
Friday, November 13th, 2009
Nada bluebook info and N.A.D.A. Blue Book values at www.nadaguides.com
Since 1917, National Automobile Dealers Association (NADA) is an organization which represents car dealers. The NADA is a great resource for consumers. To know exactly how much a new or used car is worth Nada bluebook values are of great use. NADA was formed to shape a permanent organization that would represent the interests of car dealers around the country. The most comprehensive vehicle information website is NADAguides.com on the Internet today.
NADAguides.com is one of the Top 10 Automotive Websites in the U.S. For the National Automobile Dealers Association, the “NADA” stands in NADAguides.com. (more…)
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Posted in Auto Insurance, Automotive, Insurance | 5 Comments »
