Cash for "clunkers" cost taxpayers almost $3 billion and caused a spurt in auto sales of mostly foreign vehicles. Most dealers are still waiting to get paid by the government. Meanwhile, showroom traffic has plummeted and dealers are worried.
Like many dealers across the country, the dealership in Ypsilanti Township, Mich., west of Detroit, is suffering from a Cash for Clunkers hangover, and Sales Manager Paul Grahl isn't sure when it will end....
"It was good while it lasted," said Phil Warren, sales manager at Toyota Direct in Columbus, Ohio. "Now we're a little bit concerned about what happens next. The program may have just taken a lot of people out of the market."
4 comments:
What did anyone expect? Everyone who was thinking of buying a car bought a car. Now nobody basically will be buying cars for at least 6 months to a year.
Yeah, this "logic" on the part of car salesmen is somewhat lacking.
"The program may have just taken a lot of people out of the market."
Meaning?
"These people came in and bought new cars during the Cash for Clunkers promotion, but we don't know if they'll come back soon for another car" ?????????
It took people out of the market because they already BOUGHT one of your damned cars, moron!
Diogenes said...
"Yeah, this "logic" on the part of car salesmen is somewhat lacking.
"The program may have just taken a lot of people out of the market."
Meaning?"
The meaning is if these were people who would have bought a car sometimes this year anyway, there won't be a net gain in car sales in the long term.
In the final analysis Cash for clunkers will not help the environment or the new car business. The only thing it did accomplish was destroying 700,000 vehicles that ran. Those c4c cars that were in good shape should have been given to charities that handle car donations and distributed to the poor.
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