Originally Posted By: BeanCounter
Originally Posted By: ls1mike
Really? Seems like my tax dollars paid for cash for clunkers and the inport companies made out good on that deal.
That is a pretty decent point, although the [censored] companies just lucked out on our country's stupidity, thinking that the C4C would help out our domestic car manufacturers.
I have an '07 GM but I bought it used.
I really do like it a lot, so I won't complain, but I very well may never buy a new car off the lot to begin with, and, unfortunately, probably not a car from a company that still owes the government funds.
I am and always have been a GM fan, and that won't stop. But, coincidentally, I happen to like older GM's better than the majority of new ones so I don't mind picking up an old roller and dropping in a crate engine.
Only about a tenth of the cash for clunkers sales were actually sales that would not have happened without the program. The rest of them were sales that were going to happen, but the owners qualified and cashed in. The fact that many of the cars purchased were made by Japanese companies just reflects the current market situation in that the Japanese vehicles are more desirable than the American vehicles.
Note, although I did not read all of the details of the edmunds (I think they did it) study, the definition of not happening for the purpose of the study is most likely, "not happening within the next 2 years" rather than "not happening at all". Anyway, the reason car sales are slumping is because many of the sales that would have happened now happened when Cash for Clunkers was in effect.