Comments on: Did Cash for Clunkers “Revitalize” the Auto Industry?

By: Lawrence Chirasello

Lawrence Chirasello — Fri, 01 Apr 2011 23:32:17 +0000

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By: Jonec

Jonec — Wed, 23 Sep 2009 21:00:51 +0000

As well, the car industry in Asia shows few signs of coming back strong as a result of Cash for clunkers. I sell aluminum, destined to the big Japan and Korea car makers…and we were told in Aug ’08 to “stop sending metal”. And today? Still quiet. Even the 700k cars have done little to the shredded vehicle material business lane. All in all, it will be an asterisk to keep track of, when we consider the 2009 numbers in the future.

By: Dr. Steve

Dr. Steve — Wed, 23 Sep 2009 18:31:28 +0000

The “used” car market will be back soon when many of these purchases are repo’ed with people not prepared for bigger car loan payments and auto insurance costs. It will be another bailout of unsuspecting buyers suckered by evil new car dealers.
In the meantime, as already noted, several hundred thousand functioning vehicles are gone, many 4 wheel drive which will be missed this winter as we feel the impact of global cooling and snow.
The only thing not in deficit in D.C. is stupidity!

By: Cars4Charities

Cars4Charities — Wed, 23 Sep 2009 18:04:24 +0000

Cash for clunkers did not revitialize the auto industry or help the environment. What it did do was completely destroy 700,000 running vehicles. As a result used car prices have gone up making it more difficult for low-income people to purchase a car. It also negatively affected auto repair shops and car donation charities.