Comments on: US ‘Cash for Clunkers’ scheme sees dubious results

By: Andrew M

Andrew M — Fri, 30 Oct 2009 04:08:37 +0000

Well hasnt your tune changed since a few months ago when we had a heated discussion about the topic of bringing forward sales……..

August 12, 2009 at 8:39 pm
QUOTE……….
“Their is no evidence to my knowledge that we have brought the market forward and robbed Peter to pay Paul.”

By: Safety Frist

Safety Frist — Fri, 30 Oct 2009 00:54:08 +0000

["Given past and predicted sales trends, the study discovered that 565,000 of the vehicles sold under the program would have left dealers lots at some point this year regardless of the CARS program, leaving US taxpayers with a bill of $24,000 per car for the program’s 125,000 incremental sales."]

Huston we have another Rocket Scientist….:-)

Much like the investment allowance here, all it really has doen and will do is bring people forward. The vehicles we sold in June to tradies and small companies (before it was extended to dec) were predominately brought forward from August Sept Oct sales.

By: Cars4Charities

Cars4Charities — Fri, 30 Oct 2009 00:40:27 +0000

Cash for clunkers didn’t help the auto industry, the environment, the taxpayers, the poor, car repair shops or car donation.

By: Frenchie

Frenchie — Fri, 30 Oct 2009 00:33:36 +0000

You can only buy a car if you got a job!

Not lke the good old days prior to GFC.

By: DE

DE — Fri, 30 Oct 2009 00:31:17 +0000

And some people are somehow surprised by this?
The phrase “Told ya so” springs to mind.