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We have officially hit the first-best month of the year to buy a car. October to January is typically the best time to find deals, and many auto companies and dealerships like to start the car ...
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
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There’s not much in the way of cash incentives from Honda right now, but with the average auto loan interest rates across all credit profiles ranging from 5.64% to 14.78% for new cars, per ...
Further, the volume of cars sold in the U.S. was significantly tied to home equity lines of credit, with 24% of sales financed this way in 2006. [10] When the availability of these loans suddenly dried up in 2008 due to the subprime mortgage crisis, vehicle sales declined dramatically, from 17 million in 2006 to 10.6 million in 2009. [11]
10] The Department of Energy has specific requirements that car manufactures must meet, in order to receive tax credits from the government. The Vehicle must be made by a manufacturer, and cannot be a previously purchased vehicle that has been converted into a Hybrid.
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The annual capacity of the industry is 17 million cars; sales in 2008 dropped to an annual rate of only 10 million vehicles made in the U.S. and Canada. All the automakers and their vast supplier network account for 2.3% of the U.S. economic output, down from 3.1% in 2006 and as much as 5% in the 1990s.
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related to: top 10 sports car 2008 suv lease incentives bad guys