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... some good investigative work on the swaps that occurred as part of the Cash for Clunkers program. The best news is that the change in average ... most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars ... , an improvement of just 1 mpg to 3 mpg over the clunkers.
Owners of thousands more large old Chevrolet and Dodge ...
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I thought this was pretty interesting study done by Edmonds. They figure that only about 125,000 new car sales where created by the cash for clunkers deal which cost the tax payers 3 billion dollars working out to $24,000 per car.
Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com
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... via Ontario County Fair
It's sad but true--the enormously popular Cash for Clunkers program that took 690,000 polluting cars off the road and ... brand new, slightly less polluting ones has had an unforeseen effect. Since the 'clunked' vehicles get their engines scrapped to keep them off the road, Cash for Clunkers has cut off a prime used car supply source for the demolition derby ...
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Similar to the Cash For Clunkers Program, the US government is giving a 2009 tax credit of $5300.00 for a neighborhood electric vehicle (NEV) aka "green" car. If you buy the golf cart smart, you could own it for practically nothing. Who wouldn't want one of these cute little, efficient cars?
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... clunkers.” Tax payers paid a total of $24,000 per clunker sold ... car makers make a mint off the “Clunkers” program, tax payers paid ... truth came out about the unintended consequences of Obama’s Clunkers program? The White House blew a gasket ... basis of our analysis.
It is also claimed we missed the possibility that Cash for Clunkers generated excitement and consumers bought ...
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... the assumption that the market for cars that didn’t qualify for Cash for Clunkers was completely unaffected by this program.
In other words, ... analyses: Edmunds assumption that more than 80% of the payback from Cash for Clunkers would occur in 2009 isn’t how many mainstream analyses ... report, the Council of Economic Advisers estimated that the Cash for Clunkers will create 70,000 jobs ...
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