Toyota Honda Ford and Chevy Top Picks with Consumers
Cash For Clunkers Consumer Interest
Four car manufacturers are leading the pack for consumer interest in fuel efficient cars. From data collected from www.cashforclunkersfacts.com website, the number one choice for consumers looking to purchase a new fuel efficient car is Toyota. In the top four spots, there are two Japanese brands and two American brands.
This is good news for these four manufacturers which should bode well for them if the Cash for Clunkers Bill is passed into law this summer.
Preparing Your Website
I would encourage all car dealers interested in leveraging this sales opportunity if it becomes law, to start to optimize the websites and blogs for the program. Car dealers can add a "Cash for Clunker Participating Dealer" badge to their website and create a page on their own website talking about the program.
If you would like to get the free code to generate the Cash for Clunkers badge, click on this link: CFC Dealer Badge
If you need assistance with preparing your website to get wide coverage for car searches in your State, give us a call at: 732-450-8200 .
Comments
This bill would put every charity car donation program in the nation out of business since the amount of the voucher would be much greater than the tax deduction. The solution is to simply allow the charity to issue the voucher in lieu of the tax deduction. The charity would then junk the car in accordance with the bill. This way, everyone wins, the car dealer, car maker, car buyer and the charity.
Thank you for your suggestion. I'm not sure of all the ramifications of that suggestion but a gift the charity is not equal to 100% cash and the benefit is not realized until tax time. The Cash for Clunkers voucher is immediate cash to the dealer.
If someone is in the 30% tax bracket, a $4,500 receipt issued from a charity, would not translate into $4,500 of free cash. Gifts to charity are out of pocket expenses still to consumers. So, the consumer would save only $1,500 off their taxes.
I'm not sure if this would put charity car donation programs out of business, but I do understand your concern.