"Cash-for-Clunkers" Program Still Needs Work, According to Edmunds.com.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif. -- Having reviewed the latest "Cash-for-Clunkers" details, Edmunds.com has some serious reservations. "Because this program aims to achieve both environmental and industry goals, it falls short of both," Edmunds.com CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jeremy Anwyl told AutoObserver.com. "If the administration is serious about boosting car sales in order to jump-start the economy, it can do much better." Anwyl asserts that the program must be focused on attracting qualified new car buyers to the marketplace. The current proposal is unlikely to be of interest to typical new car shoppers since it offers only up to $4,500 for a vehicle that must be scrapped. The proposed program targets older vehicles; usually owned by consumers who cannot afford a new car. "At best, the program will encourage some people to stretch beyond their means - one of the very problems that caused our economy to collapse," Anwyl noted. Environmentalists also feel the program is not effective enough, and Edmunds.com's automotive experts can understand why: the fuel efficiency gains are less dramatic than they might appear. "The current system of measuring a vehicle's efficiency by miles per gallon Noun 1. miles per gallon - the distance traveled in a vehicle powered by one gallon of gasoline or diesel fuel unit, unit of measurement - any division of quantity accepted as a standard of measurement or exchange; "the dollar is the United States unit of creates an inaccurate perception about fuel consumption," explains Paul Seredynski, Executive Editor of Edmunds.com. "In truth, as people's mpg ratings rise, they do not do so proportionately pro·por·tion·ate adj. Being in due proportion; proportional. tr.v. pro·por·tion·at·ed, pro·por·tion·at·ing, pro·por·tion·ates To make proportionate. ." To get the $4,500 rebate, a driver can replace a car that gets 12 mpg for one that earns 22 mpg, which saves 3.8 gallons per 100 miles. However, another driver who improves fuel economy from 18 mpg to 28mpg also qualifies for the $4,500 rebate while only saving 2.1 gallons per 100 miles. Consumers seeking to research the fuel consumption benefits of trade-ins can use the Edmunds.com True Fuel Consumption Calculator at http://www.edmunds.com/calculators/true_fuel.html. More opinions on the program can be found in the online discussion entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "A National 'Clunker Plan' - Good or Bad Idea?" within the established CarSpace.com Forums (at http://townhall-talk.edmunds.com/direct/view/.f1c306b). Edmunds.com spokespeople are available for interviews in Edmunds.com's television studio in its Santa Monica, Calif. headquarters, or nearby satellite offices. About Edmunds Inc. (http://www.edmunds.com/help/about/) Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value([R]), is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP (chat) asap - As soon as possible. , has been selected by consumers as the "Most Useful Web Site" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast Web site. CarSpace launched in 2006 and is an automotive social networking Web site See social networking Web sites and social networking site. and home to the oldest and most established automotive community. AutoObserver.com launched in 2007 and provides insightful automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, , and maintains a satellite office in suburban Detroit. |
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