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Cash for Clunkers - New Mazda Specials
Jun 18, 2009 6:35 am | Categories: new mazdaPosted by florencehonda
It appears likely that the Cash for Clunkers bill will pass, and as it comes to vote here today or in the next few days, if it passes, President Obama has already indicated that he would sign the bill. This bill would allow for great deals for new Mazda shoppers in our Cincinnati market and across the country, and we are looking at which Mazda vehicles would be candidates for the program.
How it works: As the bill currently stands (before signature), a new Mazda shopper could trade-in their "gas-guzzler" vehicle (defined as getting 18 mpg or less) and in return for buying a new vehicle with better fuel efficiency, get a government voucher towards the purchase of the new vehicle...
Wandering through the news this morning and came across the not-surprising headline:
GM in Daily Talks With Obama Auto Task Force
Then I came to this paragraph:
GM will retain four plants it had planned to close, putting them on so-called standby status in case the North American auto-sales market accelerates faster than anticipated and it needs more capacity.
Isn't it that kind of overly optimistic planning that got GM into their current condition in the first place?
Saab may still survie, but the future is uncertain after a consortium led by Swedish boutique sports-car maker Koenigsegg Group AB agreed to a preliminary deal to buy the troubled company from General Motors Corp.
From the not-sure-if-this-is-surprising department, only 783 Saabs were sold in the U.S. in May, which is fewer than the number of Hummers sold...
Your new or used Honda should only be repaired by a certified Honda technician who is an expert on your vehicle. Jeff Wyler Colerain Honda is your Cincinnati certified Honda service and repair center, where you can be confident that a highly trained tech will fix your vehicle, and only genuine OEM Honda parts and accessories are used to complete your maintenance.
We handle Cincinnati Honda warranty and non-warranty service, and welcome all customers...
AR Index 537.85 -29.74 (-5.24%)
Stocks of individual interest
Toyota 76.67 -3.18
GM 1.26 +0.05
Ford 5.93 -0.45
Dow 8612.13 -152.36 (-1.74%)
One factor affecting the AR Index that's really starting to bug me is the run up in prices at the pump. The average price at the pump has increased every day since April 29 and for no apparent reason other than speculation on the commodity markets. No actual supply or demand issues that would warrant the increase...
And some people wonder why the auto industry is in trouble.
Consider the headline I saw this morning:
Honda’s Hybrid Insight May Miss U.S. Sales Forecast
Now that doesn't seem like a surprising headline given the situation the North American auto industry finds itself in, but would you expect that they may miss the forecast by 33%??..
Yes, that's the founder of Chrysler himself, good old Walter P. Chrysler.
And you know what he said at times like this?..
Dear Dub,
What do you think of this "cash for clunkers" idea? Are they going to force us to get rid of our old cars?
Gump Worsley
Well Eddie, nothing would surprise me once those birds in Washington start to get involved...
For those fans of government intervention in the auto industry out there, be careful what you ask for.
If you don't think they would love to decide what cars you can and cannot buy, conisder that a couple of Senators are saying that the "cash for clunkers" bill encourages the purchase of gas guzzlers like the Hummer H3T.
See, it's not about buying a new vehicle that gets better mileage than your old vehicle...
Here's the problem with opening the can of worms when you throw money at a failing company. Where do you stop?
June 10 (Bloomberg) -- General Motors Corp...
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