Where Oh Where is the Clunker Today

Everyday, in everywhere and at every level dealers are asking a few questions. When does it stop and when does my money start to come in. It is all about the clunker! At our dealer group it is a daily question. Do we keep going? Have we gotten any of the money back? How do we plan for the future? The questions are clear, the answers, no so much. With NADA as the mouth piece for the questions on the national level, maybe we are getting some answers. Read after the break.

Dick’s Auto Group
Dick’s Country Chrysler Jeep Dodge
Dick’s Mackenzie Ford
Dick’s Collision Center

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Dealers group wary of cash for clunkers
NADA: ‘Cash for Clunkers’ Program Enters Wind-Down Phase (Press Release)

WASHINGTON, Aug. 19 /PRNewswire-USNewswire/ — The federal “cash for clunkers” or “CARS” program is now entering its wind-down phase. Earlier today, U.S. Transportation Secretary Raymond LaHood announced that, within the next 48 hours, guidance will be issued regarding the process by which the program will be brought to a close.

NADA held a high level meeting this morning with DOT and NHTSA officials to reiterate dealer concerns about the “clunkers” program and to stress the urgency of fixing these problems. As the first order of business, NADA stressed the importance of addressing – as soon as possible – how the program will end, including the possible suspension of the program. In addition, NADA emphasized that NHTSA must eliminate all dealer reimbursement delays; the failure to make such payments is creating financial hardship and uncertainty for dealers and consumers alike.

As we await the end-of-program guidance, dealers should keep in mind the following points:

— Although, according to press reports, Secretary LaHood stated today
that “there will be no car dealer that won’t be reimbursed,” NADA
believes that this is based on DOT’s view that sufficient funds remain
available. It is important to note that NHTSA has confirmed elsewhere
that if the program’s money runs out before a dealer is reimbursed,
that dealer will not be paid.
— Given the popularity of the program and the rapid pace at which
“clunker” deals are being done, it is difficult, if not impossible, to
accurately project the “burn rate” of available funds.

— In view of the foregoing, dealers who accept additional “clunker”
deals face a growing risk that they may not be reimbursed.

NADA will continue to press NHTSA for clarity on, and resolution of, all open “cash for clunkers” questions, and we will provide additional dealer updates when circumstances warrant.

(NADA delivered this statement today to its membership.)
Source: National Automobile Dealers Association
Web Site: http://www.nada.org/

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Clunker Program Clunking Along

“Ford Motor Co., Honda Motor Co., Toyota Motor Corp., Hyundai Motor Co. and Chrysler Group LLC all have announced production increases due to the clunkers program.”

What a great bit of news. Jeep Patriots have flown off the lot. The Dodge Caliber is not so many as before. The PT Cruiser still has a $4500 rebate on it from Chrysler as well as qualifying for the governments CARS program rebate. People are buying cars, inventories are lower and jobs are being created. That is great news for today.

Do not miss this opportunity to take advantage of this program. Grab your car and head on in to see us. The 2nd infusion of 2BIL in cash will not last long either.

Dick’s Auto Group, your Portland Oregon Chrysler Dodge Ford Jeep Dealer.

(SOURCE)

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Dick’s Mackenzie Ford

You can see all the results of recent changes and improvements at Portland’s best Ford dealer.

Dick’s Mackenzie Ford
4151 SE Tualatin Valley Hwy
Hillsboro OR 97123
800-783-0863
503-214-5029

http://mackenzieford.com

http://dicksautogroup.com
http://mackenziemotors.dealerconnection.com/

Dick’s Mackenzie Ford is the #1 rated local family owned and operated Blue Oval Portland Oregon area Ford dealer near Beaverton Oregon in Hillsboro Oregon. Also, serving the Southwest Washington population. Come and see our

Internet Special prices on new , used, pre-owned and factory-certified vehicles or Q Certified Vehicles. We have all models available, 2009 Ford F-150, 2009 Ford Mustang and the money saving 2009 Ford Focus and more. Contact us for a free price quote. We also have Cars, Trucks, SUVs and Crossovers online at http://mackenzieford.com . Search for all new 2008 and 2009 Ford, including E-Series, Edge, Escape, Escape Hybrid, Expedition, Explorer, F-150, F-250 Super Duty, F-350, F-450, Flex, Focus Coupe, Focus Sedan, Fusion, Mustang, Ranger, Sport Trac, Taurus, Taurus X, and for the soon to arrive Ford Transit van. Find your dream car from our Ford showroom of cars, trucks, SUVs and Crossovers or search our new Ford inventory to see what is on our lot, get new car pricing and free Ford price quotes.

We carry SmartWay certified new vehicles like the Ford Focus, Ford Fusion, Ford Escape and other. Click here to check them out. We also carry SmartWay certified pre-owned vehicles . Click here to search our inventory.

We have quick easy financing available with rates as low as 0% available on some models.  Experience our fast credit approval and pre-approval process. We use the best banks to secure you your best deal, including Ford Motor Credit, US Bank, Chase, Bank of America, OnPoint Credit union and others. Contact us to get your best car loan in minutes!

Want to see why you should own a Ford? Click here for the Ford Story video on why Ford Motor Company is your car company for the future. Click here to load video on why the Ford F-150 is your truck.

New Ranger Takes a Walk on the Wild Side

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Ford has released a new Euro version of Ranger. The Wildtrak model tops the list in it most loaded form. Will it make it to North America? I understand Ford is looking to introduce a new Ranger in 2011. Maybe this is a pre-view.

Read the Auto123 article below:

Ford to show Geneva a new Ranger
By Auto123.com,

Wednesday, February 18, 2009

Ford is showing attendees of the Geneva Motor Show a fresh new Ranger pickup model in stark contrast to the long-lived model available to us North Americans.

Distinctively European in its style and execution, the new Ranger boasts a fresh new look, turbo diesel engines, two or four wheel drive and exciting driving characteristics. Available in three body configurations, Ford says the new Ranger is set to play as hard as it works–both on the road and off.

“The Ford Ranger nameplate is already established in more than 100 markets around the world,” said Henrik Nenzen, Ford of Europe’s Director of Commercial Vehicle Marketing and Sales. “The new model delivers even more style, comfort and features, making it an ideal choice for a family activity weekend, or a working week.”

The Thailand-built model will appear in European Ford showrooms in April, maxing out as the loaded ‘Wildtrak’ model. Shoppers will appreciate the new three-bar grille with RANGER badging, integrated fog-lamps, fender vents and a sleeker, more dynamic look. Engineers have worked overtime to neutralize Nose, Vibration and Harshness (NVH), and all models will offer a CD/MP3 player with digital display.

Under the hood, Ford’s Duratorq turbo-diesel engine lineup gives shoppers the choice between a 2.5-litre or 3.0-litre unit, with 143 or 145 horsepower, respectively. Fuel economy is rated as low as 8.3 L/100 km according to European measurement standards, and towing is rated as high as 6,600 lbs.

“Importantly for all of our customers both TDCi engines produce their maximum torque from just 1,800 rpm,” explains Nenzen. “This makes Ranger ideal for great on-road performance or for hauling and towing with its class leading 3,000-kg braked trailer loads.”

No word yet on whether this new Ranger will make it to our shores, though.

The Geneva show opens next month.

Visit us 24 hours a day at mackenzieford.com and come on in if you are in the Portland Oregon area.

Less Expensive Loans for Consumers

Chrysler Financial has recieved money from the TARP program which will allow it to provide to offer more affordable credit to consumers who are looking to purchase new cars.

This is one of the first times the federal money has actually gotten tothe average consumer it was intended for.

Hopefully all car makers will be in a position to offer lower interest loans to more people very soon.

Dick’s Auto Group is a dealer group made up of only domestic brands. We have Chrysler, Dodge, Ford and Jeep. Give a call and set a time to come test drive our products and look at the advantage of buying an American automobile.

Dick’s Auto Group

http://dicksautogroup.com

Hillsboro Oregon 97123

888-898-7901

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You can see all the results of recent changes and improvements in Dodge Chrysler Jeep products at Portland’s Best:
Dick’s Country Chrysler Jeep Dodge
767 SW Baseline Rd
Hillsboro OR 97123
503-214-5014
800-783-4891
http://dickscountrydodge.com
http://dicksautogroup.com
The best and #1 rated Portland area Five Star rated Dodge dealer, Chrysler dealer, Jeep dealer near Beaverton Oregon. We have the 2009 Ram and 2009 Dodge Challenger available and instock for sale.Also come and see our Internet Special prices on used, pre-owned and certified vehicles.

We carry SmartWay certified vehicles like the Dodge Caliber, Jeep Patriot, Jeep Compass, Chrysler PT Cruiser, Dodge Avenger and Chrysler Sebring. Click here to search our new SmartWay Certifed Vehiclesor here to search our pre-owned SmartWay Certified vehicles. They keep your world green and your enemies more green with envy. You can also checkout our fuel saving technology such as Duel Mode Hybrid, MDS, VVT, CVT and the clean burning house hauling power of the New Cummins Diesel 6.7 Liter I6.

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You can see all the results of recent changes and improvements at Portland’s best Ford dealer.

Dick’s Mackenzie Ford
4151 SE Tualatin Valley Hwy
Hillsboro OR 97123
800-783-0863
503-214-5029
http://mackenzieford.com
http://dicksautogroup.com
http://mackenziemotors.dealerconnection.com/

Dick’s Mackenzie Ford is the #1 rated local family owned and operated Blue Oval Portland Oregon area Ford dealer near Beaverton Oregon in Hillsboro Oregon. Also, serving the Southwest Washington population. Come and see our Internet Special priceson new, used, pre-ownedand factory-certified vehiclesor Q Certified Vehicles. We have all models available, 2009 Ford F-150, 2009 Ford Mustang and the money saving 2009 Ford Focus and more. Contact us for a free price quote. We also have Cars, Trucks, SUVs and Crossovers online at http://mackenzieford.com. Search for all new 2008 and 2009 Ford, including E-Series, Edge, Escape, Escape Hybrid, Expedition, Explorer, F-150, F-250 Super Duty, F-350, F-450, Flex, Focus Coupe, Focus Sedan, Fusion, Mustang, Ranger, Sport Trac, Taurus, Taurus X, and for the soon to arrive Ford Transit van. Find your dream car from our Ford showroom of cars, trucks, SUVs and Crossovers or search our new Ford inventory to see what is on our lot, get new car pricing and free Ford price quotes.

We carry SmartWay certified new vehicleslike the Ford Focus, Ford Fusion, Ford Escape and other. Click here to check them out. We also carry SmartWay certified pre-owned vehicles. Click here to search our inventory.

We have Employee Price Plus and quick easy financing available with rates as low as 0% available on some models. Experience our fast credit approval and pre-approval process. We use the best banks to secure you your best deal, including Ford Motor Credit, US Bank, Chase, Bank of America, OnPoint Credit union and others. Contact us to get your best car loan in minutes!

Want to see why you should own a Ford? Click here for the Ford Story videoon why Ford Motor Company is your car company for the future. Click here to load videoon why the Ford F-150 is your truck.

Bail-out money that actually gets to the consumer!!!

With the tight credit market making new loans more difficult, the Federal Gouvernment is doing what it failed to do with the its bail out to the banks. It is making strategic loans that force money to flow to consumers and where it can not be horded into Corporate coffers to benefit the few. These loans are basically direct to the consumer with Chrysler Financial acting as a disbursing agent.

Chrysler offers 0% after $1.5B bailout

Government loans Chrysler Financial to make loans to its customers, prompting zero-interest financing offer.

By Chris Isidore, CNNMoney.com senior writer Last Updated: January 16, 2009: 4:30 PM ET

NEW YORK (CNNMoney.com) — The Treasury Department, expanding its bailout of Detroit, announced Friday that it will loan Chrysler Financial $1.5 billion, opening the way for Chrysler to offer buyers interest-free loans to revive slumping sales.

The Chrysler 0% offer came less than an hour after Treasury announced the bailout. The offer, available on select Chrysler, Dodge and Jeep vehicles, applies to loans of no more than five years.

The government loan to Chrysler Financial is not on terms quite that attractive, but it makes money available to the firm much more cheaply that it has been able find in private markets. The firm will pay the one-month Libor rate, plus 1% in the first year of the five-year loan, and Libor plus 1.5% in the subsequent years.

The government loan is separate from the $4 billion that Treasury agreed to loan Chrysler last month to keep the automaker from running out of the cash it needs to continue to operate.

The so-called captive finance arms are crucial to the automakers because they provide loans to both their customers and their dealers. In the current credit crunch, the finance units’ difficulty in grouping those loans together into securities has cut them off from funds needed to make additional loans.

The credit squeeze exacerbated the decline in auto sales at General Motors and Chrysler LLC in recent months. In December, GM reported a 31% drop in U.S. sales from a year earlier, while Chrysler’s sales plunged 53%.

“We appreciate the Treasury Department’s support and their commitment to increase the availability of financing for consumers,” said a statement from Chrysler Financial CEO Thomas Gilman. “This funding will better position us to withstand the current economic challenges until funding becomes available through more traditional commercial sources.”

The loan is similar to the $6 billion that GMAC, the finance unit associated with General Motors (GM, Fortune 500), received from Treasury on Dec. 29.

But GMAC, as a bank holding company, received a $5 billion capital injection directly from the Treasury, as well as another $1 billion in Treasury funds via GM. By contrast, Chrysler Financial is receiving only a loan.

A government official who briefed reporters Friday declined to comment on how much money Chrysler Financial had been seeking.

“This was the result of many long conversations,” he said. “This is what we determined we are comfortable giving them at this point.”

The government official said that Treasury has also held talks with Ford Credit, the finance arm of Ford Motor (F, Fortune 500), but declined to characterize whether they are ongoing.

Ford said in a statement that its position has not changed. “We did not and are not seeking short-term financial assistance for our automotive operations from the government. What is in the news is Ford Credit’s discussions with the government regarding ways to restore liquidity to the financial markets to help us provide financing to our customers and dealers.”

The automaker said Ford Credit has been trying to access the government’s Term Asset Backed Securities Loan Facility (TALF), another government program to spur lending, and get the FDIC to approve an application that would allow it to become a bank.

The money for Chrysler Financial comes from the Troubled Asset Relief Program (TARP), the $700 billion pool of money approved in October to help banks and Wall Street firms. The program has now pumped about $25 billion in loans and capital infusions into the automakers and their finance arms.

The disbursement comes from the initial $350 billion in TARP money available since last fall, according to a government official. A Senate vote on Thursday released the second $350 billion pool from TARP.

Treasury’s loan to Chrysler Financial will be secured by the newly originated consumer car loans issued with the money. To top of page

First Published: January 16, 2009: 1:32 PM ET (SOURCE)

Dick’s Auto Group is a dealer group made up of only domestic brands. We have Chrysler, Dodge, Ford and Jeep. Give a call and set a time to come test drive our products and look at the advantage of buying an American automobile.

Dick’s Auto Group

http://dicksautogroup.com

Hillsboro Oregon 97123

888-898-7901

——————————————————————–

You can see all the results of recent changes and improvements in Dodge Chrysler Jeep products at Portland’s Best:
Dick’s Country Chrysler Jeep Dodge
767 SW Baseline Rd
Hillsboro OR 97123
503-214-5014
800-783-4891
http://dickscountrydodge.com
http://dicksautogroup.com
The best and #1 rated Portland area Five Star rated Dodge dealer, Chrysler dealer, Jeep dealer near Beaverton Oregon. We have the 2009 Ram and 2009 Dodge Challenger available and instock for sale.Also come and see our Internet Special prices on used, pre-owned and certified vehicles.

We carry SmartWay certified vehicles like the Dodge Caliber, Jeep Patriot, Jeep Compass, Chrysler PT Cruiser, Dodge Avenger and Chrysler Sebring. Click here to search our new SmartWay Certifed Vehiclesor here to search our pre-owned SmartWay Certified vehicles. They keep your world green and your enemies more green with envy. You can also checkout our fuel saving technology such as Duel Mode Hybrid, MDS, VVT, CVT and the clean burning house hauling power of the New Cummins Diesel 6.7 Liter I6.

——————————————————————-

You can see all the results of recent changes
and improvements at Portland’s best Ford dealer.

Dick’s Mackenzie Ford
4151 SE Tualatin Valley Hwy
Hillsboro OR 97123
800-783-0863
503-214-5029
http://mackenzieford.com
http://dicksautogroup.com
http://mackenziemotors.dealerconnection.com/

Dick’s Mackenzie Ford is the #1 rated local family owned and operated Blue Oval Portland Oregon area Ford dealer near Beaverton Oregon in Hillsboro Oregon. Also, serving the Southwest Washington population. Come and see our Internet Special priceson new, used, pre-ownedand factory-certified vehiclesor Q Certified Vehicles. We have all models available, 2009 Ford F-150, 2009 Ford Mustang and the money saving 2009 Ford Focus and more. Contact us for a free price quote. We also have Cars, Trucks, SUVs and Crossovers online at http://mackenzieford.com. Search for all new 2008 and 2009 Ford, including E-Series, Edge, Escape, Escape Hybrid, Expedition, Explorer, F-150, F-250 Super Duty, F-350, F-450, Flex, Focus Coupe, Focus Sedan, Fusion, Mustang, Ranger, Sport Trac, Taurus, Taurus X, and for the soon to arrive Ford Transit van. Find your dream car from our Ford showroom of cars, trucks, SUVs and Crossovers or search our new Ford inventory to see what is on our lot, get new car pricing and free Ford price quotes.

We carry SmartWay certified new vehicleslike the Ford Focus, Ford Fusion, Ford Escape and other. Click here to check them out. We also carry SmartWay certified pre-owned vehicles. Click here to search our inventory.

We have Employee Price Plus and quick easy financing available with rates as low as 0% available on some models. Experience our fast credit approval and pre-approval process. We use the best banks to secure you your best deal, including Ford Motor Credit, US Bank, Chase, Bank of America, OnPoint Credit union and others. Contact us to get your best car loan in minutes!

Want to see why you should own a Ford? Click here for the Ford Story videoon why Ford Motor Company is your car company for the future. Click here to load videoon why the Ford F-150 is your truck.

Incentives for Hybrids Dropping Faster Than Gas Prices

The clock is ticking. The Wall Street Journal is reported to have said, that hybrid buyers have until the end of the year to get a tax credit for buying a Honda Civic hybrid, The dying tax credit is the latest in a series of changes chipping away at the financial incentives to buy a hybrid. Tax credit to buys of the strong-selling Toyota Prius, which gets about 46 miles a gallon, and Toyota’s other hybrid models ended about a year ago. The federal government is now phasing out the same incentives on Honda Motor Co.’s Civic hybrid, which gets 42 miles a gallon. This and the fact that fuel prices have fallen from their highs in the $4-5 a gallon range this summer, and it’s getting a lot more expensive to be an environmentally conscious driver. Maybe it is time for return to something that worked off the shelf 30 years ago. How about off the shelf diesel technology that gets 50-70 MPG without billions of dollars of R&D.

Dick’s Auto Group

http://dicksautogroup.com

888-898-7901