content.usatoday.com - 30 days ago
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The auto world was cheered by yesterday's news that new car demand continues to increase, with several major automakers reporting higher sales compared with a year ago. But as new car prices rise, buyers aren't going to find as much...
money.cnn.com - 10/29/2009
whitehouse.gov - 10/30/2009
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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 ...
downsizinggovernment.org - 10/29/2009
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downsizinggovernment.org —
It didn t take a Ph.D. in economics
to recognize that the federal Cash for Clunkers program...
would put upward pressure on used-car prices. In nominating it the dumbest program ever back in August, Chris Edwards noted that low-income families, who tend ...
(more)
Failures Mount on Cash for Clunkers
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Thursday Watch
Between the Hedges —
... program's provision that all the 678,024 gas guzzlers brought in to be traded for new vehicles be destroyed could be another key factor. Edmunds notes that the highest used car price appreciation has come in some of the cars that were the biggest targets of the clunkers program -- pickups, up 26.2%, and midsize SUVs, up 25.4%. Even the prices of used minivans -- a segment that many believe is out of fashion now that there are so many crossover choices -- were up 27.1%. It already has been an expensive outing for taxpayers: The program, which cost nearly $3 billion in taxpayer ...
Thursday morning links
The Mess That Greenspan Made —
... grips gold and silver - Commodity Online Jim Rogers v. Nouriel Roubini - Globe Investor Are amateurs running your 401k? - MSN Money World's 100 hottest gold stocks - Mineweb ECONOMY Retailers post better-than-expected October sales - MarketWatch Fed Signals Return to Growth Alone Won’t Warrant Rate Increase - Bloomberg Reports Show Conflicting Number of Jobs Attributed to Stimulus Money - NY Times Is 'cash-for-clunkers' to blame for the dramatic rise in used car prices? - USA Today ...
Related Content
Clunkers program could drive used car prices up
usatoday.com 8/10/2009 — The popular cash-for-clunkers program, extended by Congress last week with $2 billion more in federal incentives, requires that all the old fuel guzzlers traded in are scrapped — not resold. That means up to 750,000 vehicles will never find their way ...
'Cash for Clunkers' won't help most car buyers - Jun. 25, 2009
money.cnn.com 6/25/2009 — NEW YORK (CNNMoney.com) -- If you think the new "Cash for Clunkers" law is going to help you buy a new car, you're probably wrong. As it's written, the law will benefit few car shoppers and those who might actually benefit from it probably shouldn't ...
(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.
Cash for Clunkers Program Suspended and Back
moneyning.com 8/3/2009 — What’s the deal with the Cash for Clunkers Program? Within four days of starting, the program’s $1 billion dollar funding is already depleted. Then the next day, the house quickly rushed together another bill to add an additional $2 billion funding to be voted on this week. Since ...
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 ...
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 ...
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 ...
Arizona's budget: Stumped —
The Economist: Full print edition 30 days ago
An intra-Republican row EARLIER this year Republicans seemed to be in the ascendant in Arizona, the state of Barry Goldwater, even as they struggled in much of the country. Not only had they retained control in both houses of the state legislature, ...
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