<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>chinocharles.com &#187; Brett Bell</title>
	<atom:link href="http://blog.chinocharles.com/tag/brett-bell/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.chinocharles.com</link>
	<description>Building castles in the air</description>
	<lastBuildDate>Mon, 14 Sep 2009 16:31:07 +0000</lastBuildDate>
	
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>&#8220;Cash for Clunkers&#8221; A Huge Success</title>
		<link>http://blog.chinocharles.com/2009/07/cash-for-clunkers-a-huge-success/</link>
		<comments>http://blog.chinocharles.com/2009/07/cash-for-clunkers-a-huge-success/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 19:56:18 +0000</pubDate>
		<dc:creator>Charles</dc:creator>
				<category><![CDATA[Cars]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Brett Bell]]></category>
		<category><![CDATA[Bryan Schaaf]]></category>
		<category><![CDATA[Business/Finance]]></category>
		<category><![CDATA[Co-owner]]></category>
		<category><![CDATA[Convertibles]]></category>
		<category><![CDATA[Coupes]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[foreign oil]]></category>
		<category><![CDATA[gas-guzzling carbon rockets]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[government program]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[Larry Wood]]></category>
		<category><![CDATA[Millersburg]]></category>
		<category><![CDATA[Nick Sorrano]]></category>
		<category><![CDATA[ohio]]></category>
		<category><![CDATA[program]]></category>
		<category><![CDATA[Sedans]]></category>
		<category><![CDATA[The Daily Record]]></category>
		<category><![CDATA[trade-in]]></category>
		<category><![CDATA[Underwood Motors]]></category>
		<category><![CDATA[Village Motors]]></category>
		<category><![CDATA[Wooster]]></category>

		<guid isPermaLink="false">http://blog.chinocharles.com/?p=150</guid>
		<description><![CDATA[People are quick to knock the government for spending a dime on anything these days, but it seems that a certain billion dollars may be money well spent.  The CARS program (http://www.cars.gov) allocates $1 billion to giving people a substantial trade-in value on older cars.  Cars and buyers have to meet some specific criteria to [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.the-daily-record.com/news/article/4637617"><img class="size-full wp-image-151 alignleft" style="border: 1px solid black; margin: 5px;" title="clunkers" src="http://blog.chinocharles.com/wp-content/uploads/2009/07/clunkers.jpg" alt="clunkers" width="300" height="230" /></a>People are quick to knock the government for spending a dime on anything these days, but it seems that a certain billion dollars may be money well spent.  The CARS program (<a href="http://www.cars.gov/" target="_blank">http://www.cars.gov</a>) allocates $1 billion to giving people a substantial trade-in value on older cars.  Cars and buyers have to meet some specific criteria to be eligible.  Qualified buyers can receive between $3,500 and $4,500 for trades towards new purchases or leases.  If the new car purchased gets 5 more miles per gallon than the trade, $3,500 is credited.  $4,500 is reserved for those getting a 10 MPG bump or more.  The vehicle being traded must be older than 25 years old and get less than 18 MPG, although some of these criteria shift depending on the vehicle.  Vehicles that are traded in are immobilized with a special engine additive that ensures they won&#8217;t be going anywhere but the junkyard.</p>
<p>The response has been remarkable here in Ohio.  I was reading a story from <a href="http://www.the-daily-record.com" target="_blank">The Daily Record</a> today outlining some of the responses from local dealers.  Here are some quotes.</p>
<blockquote><p><em><strong>&#8220;Traffic has definitely been up the last couple days.  People need to realize that if they drag their feet, they may risk losing the opportunity to get government money for this.&#8221; </strong>- Nick Sorrano, GM of Park Mazda in Wooster, OH</em></p>
<p><em><strong>&#8220;It&#8217;s a zoo.  It&#8217;s as chaotic as it can be.&#8221; </strong>- Brett Bell, Co-owner of Village Motors in Millersburg, OH</em></p>
<p><em><strong>&#8220;It&#8217;s unbelievable, really. I guess I&#8217;m not too surprised because the whole last month was pretty quiet, so we hoped it would be this way. We were pretty well prepared.&#8221; </strong>- Larry Wood, GM of Underwood Motors in Wooster, OH</em></p></blockquote>
<p>I don&#8217;t think anyone predicted this kind of response.  Assuming that every recipient of this government program received the maximum contribution, that is over 220,000 gas-guzzling carbon rockets off our roads, replaced with that many 2009 models.  There is little doubt that this number will be met.  Some are already clamoring at the possibility (re: probability) that all of the money from the CARS program will run out before the set expiration date of November 1st, 2009.  When you think about the impact this will have both on the environment and on our consumption of foreign oil, it quickly becomes clear that this program could be rather remarkable and possibly even a precedent for similar programs to come.  We&#8217;ve spent this many hundreds of times over in Iraq.  You tell me which is the better investment.</p>
<p>One thing is for sure.  There are a lot of happy dealerships out there right now, and Ohio in particular needed the boost.</p>
<p>For more information, visit <a href="http://www.the-daily-record.com/news/article/4637617" target="_blank">Bryan Schaaf&#8217;s article at The Daily Record</a>.</p>
]]></content:encoded>
			<wfw:commentRss>http://blog.chinocharles.com/2009/07/cash-for-clunkers-a-huge-success/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
