Cash For Clunkers Cost $24,000 Per New Car Sale

[saden1]

It's easy to discredit these guys and their math. Under the cash for clunkers program 85% of trade-ins are trucks, and 59% of new vehicle purchases are cars. This is quite a feet that has never happened before and would not happen without the program. I really don't know how these guys came up with their figures but from the looks of it they should ask for a refund on those PhD.

p.s. One thing that struck me is their emphasis on how many PhDs they have as if that add to their credibility.

[firstdown]

Originally Posted by saden1

It's easy to discredit these guys and their math. Under the cash for clunkers program 85% of trade-ins are trucks, and 59% of new vehicle purchases are cars. This is quite a feet that has never happened before and would not happen without the program. I really don't know these guys came up with their figures but from the looks of it they should ask for a refund on those PhD.

p.s. One thing that struck me is their emphasis on how many PhDs they have as if that add to their credibility.

Its very easy to see how they came up with those numbers. The fact that 85% of the trade in where trucks was pretty much a given and they pretty much had to buy cars to get the money. Their point was that car sales only rose by around 125,000 car in a program that cost 3 billion. What the goverment number don't take into account is that a very large % of those sale would have been done without the cash for clunkers. It looks at the numbers as the CFC was the reason the person purchased a car.

[saden1]

Originally Posted by firstdown

Its very easy to see how they came up with those numbers. The fact that 85% of the trade in where trucks was pretty much a given and they pretty much had to buy cars to get the money. Their point was that car sales only rose by around 125,000 car in a program that cost 3 billion. What the goverment number don't take into account is that a very large % of those sale would have been done without the cash for clunkers. It looks at the numbers as the CFC was the reason the person purchased a car.

And my point is they're full of shit.

[firstdown]

Originally Posted by saden1

And my point is they're full of shit.

They cannot be full of sh%$ because they used a PHd to do the research.