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Originally Posted by fourteenandoh
C.F.C was supposed to go until November, but there was such demand they had to halt it today.
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U.S. ‘Clunkers’ Auto Program Suspended, Senator Says (Update1) - Bloomberg.com
here is your linkage for the halt.
also they did a switcheroo on a bunch of cars...
Cash-for-clunkers auto eligibility list changed - USATODAY.com
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As it prepared for its "cash-for-clunkers" program, the government rejiggered gas mileage figures on about 100 older vehicles last week in a way that changed whether they would be eligible for up to $4,500 in sales inducements.
The Environmental Protection Agency says the changes resulted from a double-check of its fuel-efficiency ratings on more than 30,000 1984 and newer vehicles in advance of the official start of the clunkers program Monday.
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To qualify for the $1 billion program aimed at spurring auto sales and driving gas guzzlers off the road, the clunker must have an EPA city-highway "combined" rating of 18 miles per gallon or lower.
Buyers then get a $3,500 incentive if the new car gets 4 to 9 mpg more or $4,500 for 10 mpg or more. The new car also must itself have a minimum 22 mpg combined rating. The program ends Nov. 1, or when the $1 billion runs out.
EPA gave no reason its ratings were inaccurate or why some went up. For the 2008 model year, EPA started revising mileage figures, typically downward, to better reflect real-world driving. For example, a Toyota Prius that had been rated 60 mpg in city driving fell 20% to 48 mpg.
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basically our open and transparent govt changed govt estimated mileage on in excess of 100 cars, many of the cars had been on the road for more than 10 years...
Mich. lawmakers push to extend 'CARS'
word is we may, "throw a little more money at this program"
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"Calling the White House, talking to the leadership in both the House and Senate to get a little bit more money put into this program," he said.
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"It appears to be driving automobile [sales] volume, so it may be a more effective stimulus than other parts of the stimulus package," Hoekstra said.
U.S. Sen. Debbie Stabenow called the program an effective short-term stimulus in a statement released Thursday night.
"With over 200,000 cars sold, hundreds of employees on the job serving customers, millions of dollars in advertisement spending and sales tax income flowing into struggling states, CARS has injected money into communities across America," she said.
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direct injection into government motors and the labor unions...