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Clunkers: Taxpayers paid $24,000 per car
money.cnn.com - 10/29/2009
Clunkers: Taxpayers paid $24,000 per car
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Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales.
edmunds.com - 10/30/2009
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 ...

Comments vote down The Mess That Greenspan Made found this 10/30/2009found this
whitehouse.gov - 10/30/2009
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 ...

Comments vote down The Mess That Greenspan Made found this 10/30/2009found this
money.cnn.com - 10/30/2009
Clunkers: Taxpayers paid $24,000 per car
— money.cnn.com — 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 ... (more) Clunkers: Taxpayers paid $24,000 per car

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Blog Reactions

Cafe Hayek:  Money well spent. NOT

IEHI Feed: The Hedge Fund Implode-o-Meter:  Clunkers: Taxpayers paid $24,000 per car

Cato @ Liberty:  Feds Giveth Jobs & Cars, Then Taketh Away Again

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Blog Reactions

Money well spent. NOT
Cafe Hayek — Free golf carts.  (HT: Paul Glashofer). Thought this was from the Onion. It’s not. More on clunkers. ...

Clunkers: Taxpayers paid $24,000 per car
IEHI Feed: The Hedge Fund Implode-o-Meter — Clunkers: Taxpayers paid $24,000 per car (cnn.com) [image] Search Enter your search terms Web HF Submit search form 2009-10-29 " Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales." go to full article | permalink to this | forum thread | Subscribe by email! [image] Comments: Be the first to add a comment add a comment | go to forum thread [image]

Feds Giveth Jobs & Cars, Then Taketh Away Again
Cato @ Liberty — ... At the same time the government is taking undeserved credit for “creating jobs,” a new analysis of the Cash for Clunkers program by Edmunds.com shows that most cars bought with taxpayer help would have been purchased anyhow. The same analysis finds the post-Clunker car sales would have been higher in the absence of the program, which proves that the program merely altered the timing of auto purchases. ...

Cash For Clunkers Costs Taxpayers $24,000 Per Vehicle
The Daily Bail — ... just slightly higher average gas mileage numbers.  Considering all the energy that goes into the creation of one of these mega-ton beasts, I suspect there might be some inefficiency there. Automotive website Edmunds.com issued a report Thursday that lit up headlines everywhere and drew an angry response from the White House.  We also have a link to a Jalopnik slideshow of the 10 most exotic cars destroyed by Clunkers.  Plus a few words from Angry Bob. From CNN A total of 690,000 new vehicles were sold ...

Weekend Linky Dinks
UpsideTrader — ... the NDX, and keeping an eye on the 1020-25 zone on the SPX, which are also the early October lows. Unemployment is on the docket at the end of next week, I wait with bated breath to see how many jobs we saved this time. Have a great weekend with your families and enjoy the links. The last days at WAMU . The pay czar is unconstitutional. Omar Bin Laden on his Dad. Were you saved or created ? Christine Romer should be baking with Paula Dean. Clunkers: Taxpayers paid 24k per car 1900 pages of complete nonsense . Is big oil on its ...

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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.