Cars automobile sales have slumped this past week in hopes of figuring out the Cash for Clunkers bill. To clarify the process according to USA today, the $3500 or the $4500 voucher is an electronic transfer from the government to the dealer. Sadly there has been a decrease in sales because American citizens are seem to be flocking the dealerships with questions rather than trade-ins. The minimun for cars automobile trade-in vehicle requirements is 22 mpg for a car and 18 mpg with a truck. To get the full $4500 you need at least 5 mpg better for a truch and at least 10 mpg for a new car.
The month of June has been the third straight month to see high sales increasing. This is great news because it was the real estate bubble that got us into this economic mess. When that starts to steady it seems the rest of things will begin to steady.
Much of house sales increasing has to do with federal and statewide credits that are being granted this year for first time home buyers. So many people are becoming motivated to get their feet wet in this market now that they see a benefit.
There are different state wide credits so you should look to see what your state is doing to encourage home sales. Maybe you could benefit from one of these incentives.
Economy, home sales increasing, June, real estate
Our government is going to make less money this year because we are not making as much money. As our income goes down we pay less in taxes and in turn we give less to our city, state, and federal governments. Because of this, people employed by the government will not be making as much money. It makes sense to think then that these employees would do all in their power to encourage funding.
I’ve been thinking about this and one way they could do this is through issuing more traffic violations. Police officers have a goal each month for giving tickets so it would make sense to think they would be motivated to go above and beyond the goal and rake in more money for the city.
As drivers we should be aware of this and be more cautious. It is funny to think as the economy slows so should our car, but in doing this we will be saving ourselves from speeding tickets and have better fuel efficiency.