* The participant must have owned the “clunker” for one year.”If you can get more than $4,500 for your vehicle, you’re better off selling itor trading it in without taking advantage of the Cash for Clunkers rebate,”stated Edmunds Editor In Chief Karl Brauer, who addresses this topic on hisblog, Karl on Cars. Edmunds has compiled a list of “clunkers” whose owners would benefit frompursuing the rebate. Here are some examples of eligible vehicles: YearModelCombined EPA miles True Market Value per gallon ratingTrade-In Price 1996Honda Passport 15 $1,2271997Lincoln Continental18 $1,1791998Chevrolet Silverado14 $3,3781995Audi A618 $1,2611996Toyota Land Cruiser13 $4,042 “This legislation attempts to offer a benefit for the environment and to spurvehicle sales, but the reality is that it does neither very well,” assertedEdmunds CEO Jeremy Anwyl. “In terms of vehicle sales, the only consumers whowill be interested are those willing to take no more than $4,500 for theircurrent car and yet be financially able to buy a new one – quite a narrowprofile.” He recommends that legislators delete the one-year ownership requirement. “Ifthe goal is to remove old cars from the road, why should it matter who owns themand for how long?” Anwyl questioned. He notes that deleting this requirementcould really stimulate the economy by prompting as many as three car sales perparticipant: 1 the sale of the clunker to the participant 2.
the replacement of the clunker by its previous owner (likely a used car sale)3. the purchase of the new car by the participant (necessary to qualify for theprogram) In some states, this will even generate sales tax on all three sales. Anwyl also suggests that the scrappage requirement be eliminated so that alarger population can benefit from the program. “If owners of newer, less fuelefficient vehicles could get above a fair value for their trade-ins rather thanjust the government allowance, more people would likely participate and carsales might truly be reignited,” he claimed. The environmental benefits of the program in its current form are not expectedto be significant either.
Edmunds` Green Car Advisor Editor John O`Dellreported, “The idea sounds like it has good green credentials, but it isn’tlikely to move the needle very far.” O`Dell continued, “Fortunately, the bill still has to be approved, or altered,by the Senate. Unfortunately, most senators seem little interested in eitherincreasing the financial incentives or the bill’s green footprint.” CaliforniaDemocrat Sen. Diane Feinstein`s countermeasure allegedly would result in a 32percent increase in fuel savings and won the backing of most major environmentalgroups, but is unlikely to prevail. For more information on “Cash for Clunkers” and other industry news, pleasevisit http:// Some Edmunds spokespeople are available for interviews in Edmunds `stelevision studio in its Santa Monica, Calif headquarters.
Available spokespeople include:Jeremy Anwyl, Edmunds CEO (Los Angeles) John O`Dell, Edmunds` GreenCarAdvisor Senior Editor (Los Angeles) Michelle Krebs, Edmunds` AutoObserver Senior Editor (Detroit) Jesse Toprak, Edmunds Senior Analyst (Los Angeles) Jessica Caldwell, Edmunds Analyst (Los Angeles) Bill Visnic, Edmunds` AutoObserver Editor (Pittsburgh) Kevin Smith, Edmunds Editorial Director (Los Angeles) Karl Brauer, Edmunds Editor In Chief (Los Angeles) Philip Reed, Edmunds Consumer Advice Editor (Los Angeles) About Edmunds Inc. ( http://)Edmunds Inc. publishes four Web sites that empower, engage and educateautomotive consumers, enthusiasts and insiders. Edmunds , the premier onlineresource for automotive consumer information, launched in 1995 as the firstautomotive information Web site. Its most popular feature, the Edmunds TrueMarket Value®, is relied upon by millions of people seeking current transactionprices for new and used vehicles. Edmunds was named “Best Car Research Site”by Forbes ASAP, has been selected by consumers as the “Most Useful Web Site”according to every J.D. Power and Associates New Autoshopper Study(SM), wasranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journaland was rated “#1″ in Keynote’s study of third-party automotive Web sites.Inside Line launched in 2005 and is the most-read automotive enthusiast Website.
CarSpace launched in 2006 and is an automotive social networking Web siteand home to the oldest and most established automotive community.AutoObserver launched in 2007 and provides insightful automotive industrycommentary and analysis Edmunds Inc. is headquartered in Santa Monica,California, and maintains a satellite office in suburban Detroit. Edmunds Corporate CommunicationsChintan Talati and Jeannine Fallon Hotline: Copyright Business Wire 2009. Several new Professional and Telephony conferencing products will bedemonstrated and two new media carts will be shown in ClearOne’s booth #5951in Orlando, FL.SALT LAKE CITY, June 11 /PRNewswire-FirstCall/ — ClearOne( http://) (Nasdaq: CLRO), the leading global provider of highperformance audio conferencing solutions, will be showcasing several newconferencing products at the upcoming InfoComm 09 show, Wednesday, June 17through Friday, June 19.