Cash for Clunkers gets another $2 Billion.

Senate agrees to give more money

By Sean O'Brien
8/4/09
The Senate agreed on adding an another $2 Billion dollars to the "cash for clunkers" program. The deal will allow car shoppers to utilize the program until Labor Day. After long talks, Democrats and Republicans agreed on the deal late last night.

Car Manufacturers are Happy

Car manufacturers have seen a double digit increase in the percent of cars they have sold since the program started. Following is the percent increase in sales for major manufacturers:
- General Motors Co. - 18.7%
- Toyota Motor Corp. - 17.9%
- Ford Motor Co. 16%

Detriot automakers made up over 43 percent of the total sales so far.

Local Dealerships thriving under program

Brandon Catalone of Romano Toyota in East Syracuse says they made over 45 deals under the cash for clunkers program in the last two weeks. He is positive that with the extension of the program the dealership will make many more deals, "We have people that are here right now looking into the program as we speak. As long as they are putting the money into the program, if they were too say they are going extend it through September and October I think the business will just keep coming"

He says the Yaris and Corolla have been their best sellers so far. Each car gets over 30 miles to the gallon. The Corolla is the highest selling vehicle amongst all manufacturers under the program.

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