The NHTSA has called an official end to the Cash for Clunkers craze that has swept the nation since going into effect the end of July.  Since the NHTSA does not control how many rebates are issued by car dealers during the program the likelihood is that the Cash for Clunkers $3 billion budget won’t be enough to fulfill the record numbers of transactions that will take place in the last four days of the program.

Cash for Clunkers will come to a close on Monday August 24th at 8:00 pm and it will be a four day marathon race for dealers across the country to squeeze in as many clunker deals as possible before the program shuts down. 

Brian Pasch, CEO of the PCG Digital Marketing which offers automotive marketing services to the automotive industry has been following and analyzing the bill since before it was approved by congress. Their company also created the popular consumer forum www.cashforclunkersfacts.com .

 Commenting on the final days of the program Pasch voiced his concern “It is clear to me that the number of sales accelerated in the next four days will easily push the total CARS rebates past the $3 billion in funding. The question that comes to mind is:  How are those transactions going to be funded?”   

According to Pasch, the situation will be especially tricky since the NHTSA has no authority to spend past the $3 billion allocated by Congress.  Even further complicating the situation is the fact that the CARS program was implemented without real-time tracking to understand how many rebates have already been promised to American car buyers. 

Pasch added, “The large backlog of deals to be submitted still exists and the payments backlog will be further extended by the weekend sales rush. By next week, the NHTSA’s 1,000 employees will have over 700,000 Cash for Clunkers sales  to process and that workload will not be completed any time soon.”

Congress will not know for weeks just how far past the $3 billion the CARS program is in the red.  In fact, Pasch predicts that it will take three or four weeks for dealers to get all their sales into the NHTSA reimbursement system. 

In late September Pasch predicts that a wave of criticism will surface which will be targeted at the NHTSA and their implementation of the CARS program because of the financial havoc it has dealt to consumers and car dealers alike.  

NHTSA Secretary Raymond LaHood has assured dealers that they will get paid, but the question may become, how???

To follow the latest information regarding the Cash for Clunkers bill, visit http://www.cashforclunkersfacts.com/news-on-bill/

One Stop Motors in Las Vegas will now offer customers online loans for classic vehicles.  The One Stop Motors network of financing partners provide loans throughout the United States for people with excellent credit and for those that have had difficulty getting approved in the past due to divorce, bankruptcy, bad credit, etc).  Now purchases of classic cars can enjoy the same great perks of financing with One Stop Motors. 

According to Ray Spears, COO of One Stop Motors, “Financing a classic car, truck, motorcycle or motor home can differ greatly from financing a new vehicle, especially if the vehicle is rare or heavily customized. We specialize in auto loans for such classic vehicles.”

 Consumers who would like to learn more about the financing options available to them through One Stop Motors can visit http://classiccars.onestopmotors.com/financing/

 About ClassicCars.com

 Collector Car Network, Inc. is a specialty marketing and merchandising company specializing in classic cars, antique cars, muscle cars, and specialty cars.  The website helps classic car enthusiasts buy and sell their dream cars.

 http://classiccars.com

 About One Stop Motors

 One Stop Motors specializes in the sale of used cars online.   The company offers value added tools such as shipping, financing, extended warranties, insurance, marketing and advertising support for sellers and fraud protection for buyers. 

 http://www.onestopmotors.net

Bruce Gallipani, Director of the Rockit for Kids music group in Red Bank, NJ has announced the next audition date for aspiring young rockers.  Auditions will be held Sunday, September 6^th from 10am-6pm at the Count Basie Theatre.  The audition fee is $10 and registration is open to guitarists, drummers, vocalists, bassists, keyboardists, brass and string players. Space is limited.  

 The Rockit for Kids program lasts 6 weeks, with students attending a 55-minute band class each week with specialized instructors.  At the end of the 6 week program, the young rockers perform a live concert onstage together in front of a packed audience of adults and children who have come to see and hear the accomplished new band.    The band performs classic rock tunes as well as modern hits. 

 Also coming up in September, Rockit will be offering skill-building and performance enhancement classes on Thursdays. This training program offers those not yet ready to perform in the end-of-program concert the chance to work in a band and develop the necessary skills and techniques to take their musicianship to the next level. 

 Rockit For Kids band members have had the luxury of performing live at the Count Basie hundreds of times since the program began in 2004.  This past April, the young musicians were invited to open for the Marshall Tucker Band.  Rockit band members also performed a Benefit concert for the Bolger Middle School in Keansburg, and competed in the Battle of the Bands in Belmar (members of Rockit took first place!).

 Registration for new members is available at http://www.rockitforkids.org/program/program.html

 About Rockit for Kids

Rockit For Kids is a Red Bank based music program for young musicians, which gives kids an instant opportunity to play live Rock & Roll with their peers, bringing them together to perform as an accomplished band.  The program is primarily for kids between the ages of 8 and 16 who audition live for a chance to be a part of the next live concert.

 Concert tickets are currently on sale for the August 29^th concert at the Basie.

 For more information, visit http://www.rockitforkids.org/news/news.html

 For more information:

 Bruce Gallipani

Founder

Rockit For Kids

bruce@rockitforkids.org