Cash For Clunkers 2.0?
Posted by Christopher DeMorro on 18 January, 2010
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This item was filled under [ Technology ]
Depending on who you ask, Cash for Clunkers was either a spectacular success, or a spectacular failure.
These are the facts though. Cash for Clunkers helped sell 690,000 car sales in 30 days, at the cost $3 billion to taxpayers. While overall auto sales are down in 2009 compared to 2008, December was a strong finish for almost every brand. In the four months since the program, car sales have also been up as a whole. Chrysler and General Motors are out of bankruptcy. 2010 is looking like a much better year for car buyers.
Still, the question lingers. Are we going to get a second round of Cash for Clunkers?
