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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-efficient vehicle when trading in a less fuel-efficient vehicle. The program was promoted as a post-recession stimulus program ...
The desire to sell the last of their stock for the current year can rev up some year-end sales complete with major holiday discounts. She added that December also brings a potent combination of ...
Plug-in electric vehicles subject to incentives in some countries include battery electric vehicles, plug-in hybrids and electric vehicle conversions. Shown here is a Toyota Prius Plug-in Hybrid recharging Government incentives for plug-in electric vehicles have been established around the world to support policy-driven adoption of plug-in electric vehicles. These incentives mainly take the ...
Employee pricing is a selling strategy launched in 2005 by the auto industry to attract customers by using the discounted prices that auto industry employees pay for new cars rather than the sticker price MSRP. The program was first offered that year by General Motors, and later followed by Ford, Chrysler, and some local dealerships.
According to data from the European Automobile Manufacturers Association, sales of battery-powered cars were down nearly 44% in August compared to the same period a year ago, while their share of ...
Scrappage program. A scrappage program is a government incentive program to promote the replacement of old vehicles with modern vehicles. Scrappage programs generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries introduced large-scale scrappage ...
The currently active brands from the "Big Three" manufacturers (Ford, General Motors and Stellantis) are shown below. Founded in 1899 as 'Buick Auto-Vim and Power Company' and acquired by General Motors in 1908. Founded as Henry Ford Company in 1901, renamed to Cadillac following Henry Ford 's departure in 1902. Acquired by General Motors in 1909.
Vehicle identifier section. The 10th to 17th positions are used as the vehicle identifier section or VIS. This is used by the manufacturer to identify the individual vehicle in question. This may include information on options installed or engine and transmission choices, but often is a simple sequential number.