Comments on: Cash For Clunkers Benefits Few, Stimulates Truck Sales

By: kcampese

kcampese — Thu, 20 Aug 2009 16:19:58 +0000

This program is hurting many industries including used car dealers, auto repair shops, auto parts stores and car donation charities.

By: Cash For Clunkers Benefits Few, Stimulates Truck Sales : Trends

Cash For Clunkers Benefits Few, Stimulates Truck Sales : Trends — Wed, 19 Aug 2009 16:13:10 +0000

[...] helped less than 1 percent of the U.S. population buy a vehicle. We’ll get to what they bought click for more Published: August 19, 2009 Filed Under: Uncategorized Leave a Comment Name: [...]

By: Cash For Clunkers Benefits Few, Stimulates Truck Sales

Cash For Clunkers Benefits Few, Stimulates Truck Sales — Wed, 19 Aug 2009 16:10:09 +0000

[...] helped less than 1 percent of the U.S. population buy a vehicle. We’ll get to what they bought click for more var _wh = ((document.location.protocol==’https:’) ? “https://sec1.woopra.com” : [...]

By: Cash For Clunkers Benefits Few, Stimulates Truck Sales | Gadget Look

Cash For Clunkers Benefits Few, Stimulates Truck Sales | Gadget Look — Wed, 19 Aug 2009 13:43:09 +0000

[...] The Bureau of Transportation Statistics notes that in 2008, Americans bought 49,725,000 vehicles. Only 22 percent were new vehicles. Yes, 3-out-of-4 “cars” bought in the U.S. are used. (OnRead more at http://themoderatevoice.com/43588/cash-for-clunkers-benefits-few-stimulates-truck-sales/ [...]

By: jwhenry1908

jwhenry1908 — Wed, 19 Aug 2009 10:53:52 +0000

For working trucks the rule is not based on the fuel efficieny. As long as it is manufactured before 2001 they all qualify
but cannot be older than 25 years old..

Henry
Blogger
www.cashforclunkersfacts.info
http://www.cashforclunkersfacts.info

By: Cash For Clunkers Benefits Few, Stimulates Truck Sales | The … | 7Dollar

Wed, 19 Aug 2009 09:22:47 +0000

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By: Cash For Clunkers Benefits Few, Stimulates Truck Sales | The … « Sales

Wed, 19 Aug 2009 05:33:27 +0000

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By: adelinesdad

adelinesdad — Wed, 19 Aug 2009 04:16:19 +0000

The cash for clunkers program is unsupportable, in my opinion, as I've written about here: http://sovereignmind.wordpress.com/2009/08/09/c...

I understand the need to use tax policy to counter externalities in the market. However, this policy, and others like it (such as the tax credit to first-time home buyers) goes way over the line. If we're trying to increase fuel efficiency or decrease emissions, the logical way to do it would be a gas tax (which a corresponding tax credit to make it revenue neutral). That would provide an incentive to decrease fuel consumption, but would leave the choice of how to do that up to the consumer. Some may choose to drive less. Some may buy a different car (which may be used or new) that gets better mileage, or maybe even buy a bike instead. Some would car-pool. The opportunity to take advantage of the incentive would be open to all, rather than open to only those who happen to be in a position to buy a new car.

But since increasing the gas tax is politically problematic, the politicians implement this impotent, unfair, and fiscally irresponsible plan which is an easier sell since it appears to the average consumer to be "free money". But guess what. If you didn't buy a new car in the past few weeks, you just helped pay for someone else's brand-spankin' new car. That feels great, doesn't it, especially if you already have a fuel-efficient car? And if you're in the market for a used car and are having trouble finding something in your price range, you can thank this program for that too. There is no such thing as "free money".

By: ‘honda accord hybrid’ on the web « rustyjones

‘honda accord hybrid’ on the web « rustyjones — Wed, 19 Aug 2009 02:03:56 +0000

[...] http://themoderatevoice.com/43588/cash-for-clunkers-benefits-few-stimulates-truck-sales/The Edmunds list of top new cars purchased in Cash for Clunkers deals does not include the all-new 2010 Honda Insight sedan (41.5 mpg city/highway). The third-generation Toyota Prius hybrid sedan (49.5 mpg) is 17th on the list, at 2.2 percent. … Ford F-150 series: 179632 units, starting price $22540; Toyota Camry: 150242 units, starting price $20145; Chevrolet Silverado: 149949 units, starting price $20370; Honda Accord: 131043 units, starting price $21615 … [...]

By: kegill

kegill — Wed, 19 Aug 2009 00:37:12 +0000

Ah. Good to know -thanks! The Economist article wasn't clear. Do you have a link?

The fact that this jump came in July, then, makes the case even more strongly that what we're looking at is pent-up demand. (TheAtlantic contention.) It also makes June data suspect (postpone making the purchase if you think you might get a check, so to speak).

By: mikkel

mikkel — Wed, 19 Aug 2009 00:06:24 +0000

The July sales data was released by August 6; it's actually one of the first reports each month (simply because it's such a straightforward release).

The jump was credited to the program, and now demand is starting to wane again.

By: kegill

kegill — Tue, 18 Aug 2009 23:57:28 +0000

Hi, Mikkel — point taken. The Economist data ended in June, unless some miracle has occurred and the government has real-time sales data and The Economist writer was able to work through everything before 6 August (when the article ran online – I'm not sure when it actually 'went to press' but likely before that date).

By: mikkel

mikkel — Tue, 18 Aug 2009 23:33:13 +0000

I appreciate this analysis but I have a quibble with the statement “The Cash4Clunkers program kicked off at the end of July. Let me repeat: those data are pre-C4C stimulus.”

There were dealers running ads and selling cars at the beginning of July. Maybe even the end of June. They were told to sell the stuff first and cross the Ts second. That's why there was so much confusion about whether the program needed to end — because they had close to more commitments than the program was designed for before the program was even officially open!

By: Cash For Clunkers Benefits Few, Stimulates Truck Sales | The … | Transportation Industry Info and Employment

Tue, 18 Aug 2009 22:49:12 +0000

[...] are the beneficiaries of the Cash For Clunkers program? I haven’t. And I. Read more: Cash For Clunkers Benefits Few, Stimulates Truck Sales | The … No Comments| Posted by : admin Read [...]

By: kegill

kegill — Tue, 18 Aug 2009 20:52:20 +0000

Only 24% of the U.S. population is under 18 years of age. So the first "adjusted" stat is this:

254,000 / US adult population (233,000,000) * 100 = 0.11 percent

Another 13% is 65 or older.

254,000 / US adult population aged 18-64 (193,000,000) * 100 = 0.13 percent