Welcome to the North American Subaru Impreza Owners Club Sunday November 19, 2017
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads. 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 10-29-2009, 08:42 AM   #1
Scooby Guru
Member#: 73805
Join Date: Nov 2004
Location: NEPA
forward in Italian

Default Cash For Clunkers Final Report Card

This summer's so-called Cash for Clunkers program cost taxpayers $24,000 per vehicle sold,

according to an analysis by Edmunds.com.

Nearly 690,000 vehicles were sold during the Cash for Clunkers program, officially known as the Car Allowance Rebate System (CARS), but Edmunds.com analysts indicate that only 125,000 of the sales were incremental. The rest of the sales would have happened anyway.

Analysts divided three billion dollars by 125,000 vehicles to arrive at the average $24,000 per vehicle sold. The average transaction price in August was $26,915 minus an average cash rebate of $1,667.

"This analysis is valuable for two reasons," explained Edmunds.com CEO Jeremy Anwyl. "First, it can form the basis for a complete assessment of the program's impact and costs. Second -- and more important -- it can help us to understand the true state of auto sales and the economy."

For example, Anwyl pointed out, October sales are up, but without Cash for Clunkers, sales would have been even better. "This suggests that the industry's recovery is gaining momentum," he said.

Edmunds.com's research further indicates that without Cash for Clunkers, many customers would not have traded in their old vehicles.

"That may give some credence to the environmental claims, but unfortunately the economic claims have been rendered quite weak," said Edmunds.com Senior Analyst David Tompkins, PhD.

The below chart sets forth actual SAAR (Seasonally Adjusted Annual Rate) compared to the forecasted rate if the program had never been put into practice.

Sales Impact of Cash for Clunkers
(GRAPH HERE, Go to link)
AVANTI R5 is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
C&D OPINION: Five Reasons “Cash for Clunkers” is a Joke Tea cups Non-Subaru News & Rumors 51 06-30-2009 11:46 AM
Smart USA offering payments as low as $99 for qualified ‘Cash for Clunkers’ buyers Tea cups Non-Subaru News & Rumors 0 06-27-2009 09:25 AM
UK, Rules For Cash For Clunkers AVANTI R5 Non-Subaru News & Rumors 3 05-20-2009 09:37 AM
Cash for Clunkers Bill in the Congress: scramjett Non-Subaru News & Rumors 7 05-20-2009 12:51 AM
Latest details on the US House's Cash for Clunkers bill shikataganai Non-Subaru News & Rumors 31 05-06-2009 12:36 PM

All times are GMT -4. The time now is 04:09 PM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2017 Axivo Inc.
Copyright ©1999 - 2017, North American Subaru Impreza Owners Club, Inc.