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

[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.