Thursday, October 29, 2009

Cash For Clunkers Cost $24,000 for Each Additional Sale Generated has analyzed the "Cash for Clunkers" program. When you consider how many people would have bought a car anyway, the cost of each new sale stimulated was $24,000. This is about the same as giving away cars.

From CSM:
American taxpayers paid a lot of cash for those clunkers: $24,000 for each new car sold, according to a study released Wednesday.

...The firm says that number is about 125,000 cars. By that measure, the government spent $24,000 to generate each sale of a new car.


christian soldier said...

$24,000!!-you can get a great-low milage- practically new Lexus ES for that and it will last forever!!
or-a new something or other...that won't....

Anonymous said...

And most of the cars were Toyotas and Hondas.

Not American cars.