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

[CRedskinsRule]

Originally Posted by dmek25

i agree witrh saden. the 125,000 seems awful low

the 125,000 is what was sold over normal expected sales units during that same time period, and that does make sense. I don't think their numbers really tell the whole story, because the goal was to move to more efficient cars, and certainly they didn't effectively evaluate what cars might have been bought vs what actually was bought. They said as much. In the end it was a government program, it set a goal, it reached that goal, and seems to have been relatively painless for everyone involved. (i know some incidents arose, but not enough to derail the program).

Bottomline, they could only sell so many units because of what the budget number was. The report numbers most likely could have been written before the program started with the same accuracy.