'Cash For Clunkers' Wipes Out Car Lots - KTEN.com - No One Gets You Closer

'Cash For Clunkers' Wipes Out Car Lots

Posted:

Just how much longer can you cash in on the 'Cash for Clunker's program until it runs out of money - or until the dealerships run out of cars? KTEN's Katy Blakey has more on how the program is wiping out inventory at local dealerships.

"It was fantastic to see all these people coming in again."

It's a car dealer's dream. New cars rolling off the lots, thanks to the 'Cash for Clunkers' program. Something many in the auto industry haven't seen in months.

"There's just a ton of interest in this program," said Pat Lynch of Red River Ford. "It's good for everybody."

In fact business has been so good at Red River Ford in Durant Pat Lynch has few cars to sell. His new car lot is bare. All that's left are gas guzzlers after record sales at the dealership in July and manufacturing cuts drained their inventory.

"Everyone is relatively low on cars and trucks."

The dealership is now banking on the financially strapped program to keep the customers coming, like Ronny Cosby, who said he wouldn't normally consider buying a new car.

Unfortunately, Cosby, like many others learned his car doesn't fit the criteria.

"My car gets too many miles per gallon," said Cosby.

But still the program has peaked his interest and Lynch said customers like Cosby will stay and take a look at new ride - new or used. And ultimately keep cars rolling of his lot and drive sales up nationwide.

"It'll help the whole economy."

http://www.cars.gov/

 

  • Texoma HeadlinesMore>>

  • Bryan County man killed in motorcycle crash

    Bryan County man killed in motorcycle crash

    Robert Andrews IIRobert Andrews II

    BRYAN COUNTY, OK -- A Cartwright motorcycle rider was killed in a crash in Bryan County early Saturday morning. The Oklahoma Highway Patrol said 46-year-old Robert Andrews II was driving on Highway 91 west of Colbert when the accident happened around 2 a.m. Investigators said Andrews -- who was not wearing a helmet -- was then run over by a car and dragged about 50 feet. He was pronounced dead at the scene. The driver of the car was not injured.

    More >>

    BRYAN COUNTY, OK -- A Cartwright motorcycle rider was killed in a crash in Bryan County early Saturday morning. The Oklahoma Highway Patrol said 46-year-old Robert Andrews II was driving on Highway 91 west of Colbert when the accident happened around 2 a.m. Investigators said Andrews -- who was not wearing a helmet -- was then run over by a car and dragged about 50 feet. He was pronounced dead at the scene. The driver of the car was not injured.

    More >>
  • Suspect caught on camera in Marshall County burglary

    Suspect caught on camera in Marshall County burglary

    KINGSTON, OK -- A Kingston homeowner has his belongings back after his home was burglarized over the weekend. The sheriff credits the homeowner's security system for helping to quickly track down a suspect. At the time of the break-in, the victim told officials he was three-and-a-half hours away from the home he owns near Lake Texoma. "You know, we are way out in the middle of nowhere out here," neighbor Jeremiah Donathan said.

    More >>

    KINGSTON, OK -- A Kingston homeowner has his belongings back after his home was burglarized over the weekend. The sheriff credits the homeowner's security system for helping to quickly track down a suspect. At the time of the break-in, the victim told officials he was three-and-a-half hours away from the home he owns near Lake Texoma. "You know, we are way out in the middle of nowhere out here," neighbor Jeremiah Donathan said.

    More >>
  • Going Green in Atoka County on Tuesday

    Going Green in Atoka County on Tuesday

    TUSHKA, OK -- A recycling company is teaming up with the Choctaw Nation's Going Green program at Tushka High School on Tuesday, April 25. Old electronics gear and used tires will be accepted at this free one-day event that runs from 2-6 p.m.

    More >>

    TUSHKA, OK -- A recycling company is teaming up with the Choctaw Nation's Going Green program at Tushka High School on Tuesday, April 25. Old electronics gear and used tires will be accepted at this free one-day event that runs from 2-6 p.m. 

    More >>