Congressman Wilson on Cash for Clunkers

Dear Friends,

Today I voted to increase funding for the “cash for clunkers” program. The initial launch has been so successful in encouraging Americans to trade in their old gas guzzlers for new fuel-efficient cars, that funding ran out and Congress is acting quickly to extend it. The House passed the increase today and the Senate is expected to vote next week.

The program allows consumers to trade in their old, gas-guzzling cars for vouchers worth up to $4,500 to help pay for new, more fuel-efficient vehicles. Almost 200,000 cars have already been bought through the program, and it is expected to spur the sale of up to 800,000 more fuel-efficient cars and trucks, while stimulating the ailing auto industry and reducing our dependence on foreign oil.

This is a smart program that’s working and we want to solidify it. This is a strong part of the Recovery program that’s stabilizing our auto industry, growing a clean energy economy, and helping working families save money at the pump.

The legislation provides rebates for cars and trucks in the following four categories:

Passenger Cars: The old vehicle must get 18 mpg or less. New vehicles with improvement of at least 4 mpg will get a $3,500 voucher. New vehicles with improvement of at least 10 mpg will get a $4,500 voucher.

Light-Duty Trucks: The old vehicle must get 18 mpg or less. New vehicles with improvement of at least 2 mpg will get a $3,500 voucher. New vehicles with improvement of at least 5 mpg will get a $4,500 voucher.

Large light-Duty Trucks: The old vehicle must get 15 mpg or less. New vehicles with improvement of at least 1 mpg will get a $3,500 voucher or trade-in of a “work truck.” New vehicles with improvement of at least 2 mpg will get a $4,500 voucher.

Work Trucks: The old vehicle must be a pre-2002 model. New vehicles in the same or smaller weight class will get a $3,500 voucher.

The initial bipartisan legislation was supported by a broad coalition that includes the AFL-CIO, UAW, car dealers, the U.S. Chamber of Commerce and the National Association of Manufacturers.

This is a strong bipartisan effort that helps everyone win. We’re saving jobs, and saving millions of gallons of gas by taking old cars off the road and helping working families afford fuel efficient vehicles.

Sincerely,


Charlie Wilson
Member of Congress
Ohio’s Sixth District

And some quick facts also included in the e-mail:

Cash for Clunkers Stats

Statistics from carmakers and cashforclunkers.org:

– 79% of clunkers being traded in so far are SUVs, trucks and vans with over 100,000 miles.

– 84% of the new vehicles purchased are passenger cars.

– Clunker consumers are getting an average 69% MPG improvement, which will result in an average savings of $750 in gas bills per year.

– During the week that the Cash for Clunkers program was launched, GM’s small car sales increased 54.8 percent over the preceding week.

– The leading Ford vehicle being purchased under the program is the 28 mpg Ford Focus at nearly 30 percent of all Ford sales.

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