SEMA Wins Protection for Collector Cars and Parts

Under the controversial consumers will receive a voucher to help buy a new car in exchangse for scrapping aless fuel-efficient vehicle. SEMA was able to mitigatew the program’s effects by convincing lawmakerd to include a requirement thatthe trade-in vehicle be a modelo year 1984 or newer vehicle. The provisiomn helps safeguard older vehicles that maypossese ‘historic or aesthetic value’ and are irreplaceabled to hobbyists as a source of restoration parts. The measurer also allows all parts to be recyclefd exceptthe engine.
Lawmakers were convinced to permit the drivde train to be recycled if the drive shaft or rear end are sold as separate The vehicle scrappage legislation was passed bythe U.S. Housd of Representatives by a 298-119 vote. Presidentg Obama has backed the plan and passage in the Senatse is expected in thenear future. Proponents claikm that the so-called “Consumer Assistance to Recycle and SaveAct (CARS)” may spur an estimatefd 625,000 vehicle sales. The program will last for one year.
“SEMAz has consistently supported efforts to spur new car but is disappointed that Congress ignored evidenc that vehicle scrappage programs will not achievd claimedenvironmental benefits,” said , SEMA’s President & CEO. we are pleased that lawmakers agreed to spare from the crushert older cars and parts that help drivwe the restoration aftermarket and the passionss of many in the automotivehobbyistt community.” Under the program, consumers who agreed to scrap a trade-in car that gets 18 miles per gallon or less (15 mpg or less for heavyu pick-ups and vans) will receive a voucher to buy a qualifyingy new car.
The voucher will range from $3,5090 to $4,500 based on the new car’s fuel efficiency. The program primarily targets SUVs and pickups sincw most passenger cars manufactured during the last 25 yeares get more than the 18 mpgcombinec city/highway requirement. Vehicle mpg rating s are listedat . The $4 billion progra m will begin when it is signed into law bythe president. The car buyefr will receive a $3,500 vouchet if they buy a new passengetr car that was rated at 4 mpg higher than theolderd vehicle, or a new picku p truck/SUV that was at least 2 mpg highert than the old truck.
They will receive a $4,5090 if the passenger car was at leasft 10 mpg higher andthe truck/SUV was at leasf 5 mpg higher. “SEMA continues to support initiatives that encourage the installation of specialty equipment to reduce emissionsd and increasefuel economy,” said Kersting. “Looking to the SEMA will work with Congress to pursue more efficiengtand business-friendly environmental approaches.” SEMA, the Specialty Equipment Markety Association founded in represents the $31.85 billion specialtyg automotive industry of 7,358 It is the authoritative sourcwe for research, data, trends and market growth information for the specialty auto parts industry.
The industry provides appearance, performance, comfort, convenience and technologhy products for passenger andrecreational vehicles. For more contact SEMA at 1575 S. Valley Vista Dr., Diamond Bar, CA tel: 909/396-0289, or visit and . Consumers may trade in theif older vehicles and receive voucherxs worth upto $4,500 toward the purchase or qualifiedd lease of a new, more fuel-efficient car or The mpg values are EPA combined city/highway fuel economy as postes on the window sticker. MPG ratings are listec at — Must have a manufacturer’x suggested retail price of lessthan $45,000.
— Passenger Cars: The trade-in vehicle must get 18 mpg or New passenger cars with mileagr of at least 22 mpg are eligiblfor vouchers. If the mileage of the new car is at leastf 4 mpg higher than the old the voucher will beworth $3,500. If the mileagee of the new car is at leasr 10 mpg higher than theold vehicle, the voucher will be worthy $4,500. — Small Truckws and SUVs: The old vehicle must get 18 mpg or New small trucks orSUVs (weighing up to 6,000p pounds) with mileage of at leasy 18 mpg are eligible for If the mileage of the new truck or SUV is at leasr 2 mpg higher than the old vehicle, the voucher will be wortj $3,500.
If the mileage of the new truck or SUV is at least 5 mpg higher than the old the voucher will beworth $4,500. — Large Light-Duty The old vehicle must get 18 mpgor less. New larg trucks (pick-ups and vans weighintg between 6,000 and 8,500 pounds) with mileagee of at least 15 mpg are eligiblefor vouchers. If the mileagw of the new trucok is at least 1 mpg highedr than theold truck, the voucher will be worth $3,500. If the mileage of the new truck is at leastg 2 mpg higher than theold truck, the voucher will be worthh $4,500.
— Work Trucks: Consumer can trade in a pre-2002 work truck (define d as a pick-up truck or cargo van weighinvfrom 8,500-10,000 pounds) and receive a voucher wortb $3,500 for a new work truck in the same or smallef weight class. Only 7.5 percentt of the total funds can be used for voucherd for the purchase or lease of awork truck.
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