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.

4 comments:

SnarkAngel said...

All in the name of economic stimul-ass.

val said...

My car's not old enough for our scrappage scheme, and even if it was, I couldn't afford a new one. The prices for the most economical cars are sky high.

Gunga Dean said...

I like the program. I think there should have been a twofold approach, though in that 90% of the vehicle had to be built here. Don't much car who owns the company,though. USA doesn't have that many companies that build things anymore.

U-S-A!
U-S-A!
U-S-A!

Gunga Dean said...

"Don't much care..."

(Need to check my work before posting)