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Cash For Clunkers Costs Taxpayers $24,000 Per Vehicle
Cash For Clunkers Costs Taxpayers $24,000 Per Vehicle
PHOTO -- A 1987 Excalibur Autos Phaeton that was 'junked' for $4,500. There are several different ways of analyzing the $3 billion Cash For Clunkers rebate program so popular this Summer.  To date, no analysis has looked at the economic cost of junking perfectly functioning ...
Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com
edmunds.com — Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000... per vehicle sold. (more) Cash for Clunkers Results Finally In: Taxpayers Paid ...
Clunkers: Taxpayers paid $24,000 per car
Clunkers: Taxpayers paid $24,000 per car
money.cnn.com — Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales.... (more) Clunkers: Taxpayers paid $24,000 per car
Busy Covering Car Sales on Mars, Edmunds.com Gets It Wrong (Again) on Cash for Clunkers
whitehouse.gov — On the same day that we found out that motor vehicle output added 1.7% to economic growth... in the third quarter – the largest contribution to quarterly growth in over a decade – Edmunds.com has released a faulty analysis suggesting that ... (more) Busy Covering Car Sales on Mars, Edmunds.com Gets It ...
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(Lots of) Cash for Clunkers
freakonomics.blogs.nytimes.com 11/2/2009 — Edmunds.com reports that its statistical analysis of the Cash for Clunkers program finds that the program generated only 125,000 extra new vehicle sales, meaning that the cost to the U.S. government was $24,000 for each of those new cars.
Video: White House "cash for clunkers could end soon"
politicalnewslive.blogspot.com 8/4/2009 — The government's wildly popular "cash for clunkers" program, offering $4,500 rebates to customers who trade in gas guzzlers, is likely to end Friday if the Senate doesn't approve $2 billion more for it, the White House says.
Clunkers: Taxpayers paid $24,000 per car
money.cnn.com 10/30/2009 — NEW YORK (CNNMoney.com) -- A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the ...
Edmunds.com Responds to White House Comments on Cash for Clunkers Analysis
edmunds.com 10/30/2009 — Today the Department of Transportation and White House chose to respond to an analysis Edmunds.com released Wednesday that looked at auto sales this year and what sales volumes would have been had the popular Cash for Clunkers program never existed.
Still No Cash for Clunkers
freakonomics.blogs.nytimes.com 6/15/2009 — Last year I blogged about the Cash for Clunkers program in which the government subsidizes consumers who turn in their beat-up old cars to buy new ones. I noted that this program was likely to have a host of negative unintended consequences that its ...
Cash for Clunkers
ritholtz.com 7/27/2009 — > Important Things to Know Your vehicle must be less than 25 years old on the trade-in date Only purchase or lease of new vehicles qualify Generally, trade-in vehicles must get 18 or less MPG (some very large pick-up trucks and ...
Auto: Cash-for-Clunkers to be Suspended
calculatedriskblog.com 7/31/2009 — From the Detroit Free Press: Cash-for-clunkers program to be suspended (ht Basel Too) The U.S. government will suspend the popular cash-for-clunkers program after less than four days in business, telling Congress that the plan would burn through its ...
Cash for Clunkers is a Waste of Government Time, Money
businesspundit.com 6/10/2009 — The House approved the “Cash for Clunkers” program yesterday , a $4 billion program that subsidizes new, fuel-efficient cars for people driving clunkers. CNN has more : The measure would give consumers vouchers worth as much as $4,500 to turn in gas guzzlers and buy new cars ...
Thank You Cash for Clunkers
econompicdata.blogspot.com 10/29/2009 — Motor vehicles added a whopping 1.66% of the 3.5% growth in Q3 GDP. More specifically, motor vehicle output was up... wait for it... 157.6% on an annualized basis. Source: BEA
Clunkers
hf-implode.com 7/27/2009 — "The US is getting its own cash for clunkers version going, the sort of program tried and tested in European countries, in which a government ostensibly wants to get old cars off the road for pollution-related reasons, but which also is a great way to boost automobile production and sales. It ...