Cash for Clunkers
I wanted to discuss the “Cash for Clunkers” program somewhere, so this is the place and now is the time..
I just don’t know if this is anything which is really going to help dealers. The two-fold goal is great…replacing less fuel efficient cars that are on the road with better ones, and increasing auto sales to help dealers. But will people use this to buy a car if they were not planning to otherwise? I’m not convinced. In the state of the economy, with unemployment so high, I don’t see consumers using this as an excuse to purchase. I believe those already shopping for a new car may postpone their purchase if they fit the criteria…but that’s it.
Cars are a major investment, a bit of a discount isn’t something that’s going to pull in a large number of buyers…a great new job on the other hand…
I’d like to hear other people’s thoughts, because I could be way off on this. So, do you believe Cash for Clunkers will increase car sales? Might the “increase” seen just reflect any increase in jobs? Comment below.
