Showing posts with label CARS. Show all posts
Showing posts with label CARS. Show all posts

Saturday, August 29, 2009

Not surprising

If I had a clunker and needed a new car, I would have used the CARS cash for clunkers programs myself. When I began to think about the program, I figured it would be interesting to see who was buying new cars during a down economy. I figured, if the person could afford to look into buying a new car, they were probably not that bad off.

The news reports I have read indicate that the number 1 used vehicle being traded in was a Ford Explorer. The number 1 new vehicle being purchased was a Toyota Corolla. Think about it. If the point of the program was to save the American auto industry from itself, and save a tiny bit of the environment to boot, the federal government was successful if the real goal was to give yuppies new cars.