Cash For Clunkers sales report details - trucks take a big hit
Filed under: Transportation, Recession
The first set of detailed stats are in for the Cash For Clunkers program. What jumps out at me is the number of trucks turned in and replaced with cars. General Motors and Ford did well with the program. An increase in annual fuel economy from 15.8 mpg to 25.3 mpg should help new car owners make their payments, too. What surprises you about these results?
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Reader Comments (Page 1 of 1)
8-06-2009 @ 2:24PM
Hal said...
Don't worry. They'll just print more paper money. Forgetting the fact that it's not really a stimulus program. It's more of a let's create more debt, buy, buy, buy, program. It's all about short term gains with long term pains. You know, kind of like what a drug addict does. It's why I'm not buying into it. My goal after seeing how things seem to be heading is to get out of all my debt asap and into some real wealth securing assets. Hint. The dollar isn't one. China knows it and that's why Geithner said we are going to have to "tighten our belts" from here on out when the didn't agree to increase their buying of our debt. Probably another reason why China keeps trying to hoard gold which according to the real time tracking widget http://www.learcapital.com/exactprice is sitting at $958.50 right now.
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8-06-2009 @ 3:23PM
Ernest said...
I got my new car for my clunker and the government voucher. The way I look at it, I have been paying taxes all my adult life. The governments just give me back 4500 of my own money.
Thanks
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8-06-2009 @ 9:35PM
Muscle Dude said...
Updated list of qualifying 'clunker cars' (sortable table): http://tinyurl.com/clunkerslist
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