Cash for Clunkers - Impact Underestimated

Discussion in 'Economy' started by rdean, Mar 25, 2010.

  1. rdean
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    rdean rddean

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    “(Cash for Clunkers) also created some halo sales,” says Dave Fish, Ph.D. and vice president of Toledo-based Maritz.

    Fish claims 87,158 people who went to dealerships seeking a Clunkers’ deal discovered their trade-in did not qualify but bought a vehicle anyway.

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    Fish also notes the government’s final sales figure does not include consumers intending to buy without the stimulus, but signed up for the rebate when they found their trade-in qualified.

    Taking those buyers into consideration, he says, the program drew some 135,842 additional sales than NHTSA reports.

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    “The taxpayer paid the bill, but you can see the dividends paid in terms of the economic recovery, the impact on the environment and the whole supply chain – from dealer up to the manufacturer,” he says. “It met a social goal and a business goal.”

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    Cash for Clunkers Impact Underestimated, Researcher Says

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    Terrible failure with taxpayers footing the bill? Maybe not.
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    What's the added cost to the taxpayer 4,000 per clunker?
     
  3. Truthmatters
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    Truthmatters BANNED

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    Not much compared to the eliminating these vehicles forever from the streets.

    They polute and are harder on the streets due to their weight.

    They also are far more devastating in an accident.
     
  4. editec
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    editec Mr. Forgot-it-All

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    There are times when government social engineering policies actually have the intended effect.

    This may be one of those.
     

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