Cash For Clunkers Delays The Inevitable On Taxpayers Dime, Creates Clunker Spike Haircut

The nation’s top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years.

According to sales tracker Autodata, U.S. new vehicle sales fell just short of 1 million vehicles, a drop of 21% from a year ago, which included Cash for Clunkers. That federal program created a sugar rush of sales by dangling an incentive of up to $4,500 in cash for buyers who traded in older gas guzzlers for more efficient models. Cash for clunkers another political decision with limited economic benefit. Sugar rush gives taxpayers predicted  clunker spike haircut.

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One Response to “Cash For Clunkers Delays The Inevitable On Taxpayers Dime, Creates Clunker Spike Haircut”

  1. Without Clunkers plan, AutoNation sales fall in August North Capitol Street Says:

    [...] Cash For Clunkers Delays The Inevitable On Taxpayers Dime, Creates … [...]

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