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[QUOTE]Originally posted by four walling:
Well, it's over.

I think that the dealers screwed things up.

They could not score a C, a B+, or even an A- regarding the accuracy of their sales documentation to pass this test and get reimbursed.

QUOTE]

For what it is worth here is a little insight behind some of the statistics...

When applying for the CUSTOMERS REBATE the dealer cannot go back and fix a mistake in data entry. The only way to fix a mistake you know you made is to process the application and wait for the rejection and then go in and edit. The result is an 80% reject rate.

Bob Smith and Betty Smith are Co owners.Both on the title and registration of the "clunker". The new car goes in Betty's name only which is allowed and specifically addressed in the law. The screener for the government sees Betty on the new title and since in Ohio the second name on the registration is on another line of the registration labeled "co owner" and below the other owners name, the screener does not scroll down to see the second owner and rejects the transaction due to no registration submitted. A phone call to fix the problem results in the following answer " Yup I see it. They just didn't scroll down far enough. Add a note to the application and resubmit." from the Government person. The result contributes to the reject rate. Reason- no registration submitted.

This one is my favorite "All Attachments missing" . The reason all attachments are missing is the ogvernment screener can't open the attached files. Yet the person contacted at the "help desk" replys "I don't know why that happened. I can open the files".


Ed....
...just posting a couple of "clunker news" updates:

One-third of clunkers buyers weren't in market, study says
Chrissie Thompson
Automotive News
September 21, 2009 - 12:01 am ET

About a third of customers who participated in the cash for clunkers program would not have purchased any vehicle without the government incentive, a new study says.

In a survey conducted by consumer site Cars.com, 30 percent of cash for clunkers buyers said they had not planned to buy a vehicle at all, but were lured to showrooms by the $3,500 or $4,500 government rebates.

The survey showed the government rebate appealed to consumers who were waiting for better economic times to buy new vehicles, along with those who had not previously intended to buy a car, Cars.com Editor-in-Chief Patrick Olsen said.

“The program certainly had its desired effect,” he said in a statement.

The program helped boost August U.S. light-vehicle sales to their first year-over-year increase since October 2007. Demand hit an 11.1-million-unit annual rate in July and a 13.7-million-unit rate in August. Through June, the sales rate hand not exceeded 9.9 million this year.

Cash for clunkers buyers made up two-thirds of the 1,056 study participants, who had all either purchased a vehicle in the past three months or plan to buy one in the next six months.

Eighty percent of those surveyed said they were satisfied with the way the cash for clunkers program operated. That compares with complaints from dealers, many of whom are still waiting for reimbursements for the consumer vouchers, about problems with the program's online system, customer service line and paperwork.

Fifty-five percent of survey respondents said they wish the government would continue the program, which officially ran from July 24 to Aug. 24. It gave consumers rebates for turning in gas guzzlers for new vehicles with better fuel efficiency.



U.S. says 90% of clunker claims have been approved
Neil Roland
Automotive News
September 21, 2009 - 3:59 pm ET
UPDATED: 9/21/09 5:10 p.m. ET


The U.S. Transportation Department says it has paid or approved $2.6 billion in cash-for-clunkers transactions, or 90 percent of the $2.9 billion submitted, as accelerated payments to dealers continue.

A total of 534,598 claims for $2.3 billion were paid as of Sept. 18, said a posting today on the federal cars.gov Web site. An additional 76,775 submissions for $322.3 million have been approved but not paid yet.

A claim approval is the next-to-last step before the Treasury Department wires payment to the dealer's bank.

The latest figures show that Transportation may have to pay 146,828 claims for $615.1 million if it is to meet Secretary Ray LaHood's Sept. 30 deadline for payment of all properly filed submissions.

Many of these unpaid claims include those that were rejected and resubmitted. Claims that were rejected before the Aug. 25 filing deadline can be re-entered at any time.

"There's no question that DoT is pushing the 'pay' button significantly more as of late," said Bailey Wood, a spokesman for the National Automobile Dealers Association spokesman. "They're likely to come very close to meeting the Sept. 30 deadline."

LaHood's spokeswomen did not immediately respond to a request for comment today.

A total of 681,426 deals for $2.9 billion were entered between July 27 and Aug. 25.

Coming soon

Earl Stewart, a Toyota dealer in North Palm Beach, Fla., said he expects to be totally reimbursed for his $1.2 million in claims either today or tomorrow.

As of Sept. 10, Stewart had been paid only $464,500 and was owed $774,500, he said.

"Somebody really fired the retro-rockets!" he said.

The Sept. 18 figures posted today show that $190.6 million in claims were paid or approved in the two days since LaHood said the agency would make extra efforts to process claims.

He said last week that to resolve potential problems more quickly, federal employees would be calling dealers rather than just e-mailing them with questions about individual claims.

A number of dealers have complained that their initial claim was rejected for one reason by one processor, then resubmitted and rejected for another reason by a different processor.

The reimbursement rate started accelerating in early September after LaHood doubled the staff that is processing dealer applications.
CASH FOR CLUNKERS:
A vehicle at 15 mpg and 12,000 miles per year uses 800 gallons a year of gasoline.
A vehicle at 25 mpg and 12,000 miles per year uses 480 gallons a year.

So, the average clunker transaction will reduce US gasoline consumption by 320 gallons per year.

They claim 700,000 vehicles – so that's 224 million gallons / year.
That equates to a bit over 5 million barrels of oil.
5 million barrels of oil is about ¼ of one day's US consumption.
And, 5 million barrels of oil costs about $350 million dollars at $75/bbl.
So, we all contributed to spending $3 billion to save $350 million.
How good a deal was that???

This does not even begin to address the cost of energy in creating a new car vs using an existing car.

This also assumes every car traded was the regular daily driver; not a secondary car looking to be dealt with.

My mom had 5 kids. Each with a $10 a week allowance. Billy bought a bike from Robby for $10. It was a good bike! But billy gave the bike to mom and dad mom and dad for $15, mom and dad crushed it, sold Billy a $100 bike for $85 and reduced all the kids allowances a dollar a week to compensate! Now Billy has a new bike he can't make payments on and everyone gets $9/week instead of $10/week for an allowance.


They'll probably do a great job with health care though!!
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