Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com

Edmunds.comEdmunds.com Member, Administrator, Moderator Posts: 10,316
edited September 2014 in General

imageCash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com

SANTA MONICA, Calif. — October 28, 2009 — Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.

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  • tbractbrac Member Posts: 1
    I don't think the Whitehouse liked this report:
    http://www.whitehouse.gov/blog/2010/04/05/did-cash-clunkers-work-intended
  • anamericananamerican Member Posts: 1
    They bank on the fact that most people forget.
    Let me enlighten many, we have not forgotten about this mess and the cost to the American tax-payer.

    Cost aside, this scam removed many second-hand automobiles from the market place. Those would have been many of the same cars bought by the average middle American or a first time car buyer.

    This is as stupid as the "Shovel-Ready" jobs. I was almost in shock when the president and his pals were laughing when they said to the effect, " I guess the jobs were not so shovel ready." This from a man and his staff who have probably never used a shovel.
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