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Anybody think auto market is gonna be screwed up after cash for clunkers?

Car sales are gonna be down like forever after this deal. Hows is this going to help? Other than getting a large percentage of people to buy that probably won’t be able to afford them. Not to mention loan failures continuing to screw up that industry. Not bash-er just concerned. Opinions??

Yes to everything you said, plus coupled with the fact that the real clunkers are still on the road, being too old to trade in! I see lots of old rust bucket big V8’s still being driven around.

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This entry was posted on Wednesday, September 30th, 2009 at 12:32 pm and is filed under auto after market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Anybody think auto market is gonna be screwed up after cash for clunkers?”

  1. Ban Lip Avatars Says:
    September 30th, 2009 at 5:59 pm

    Yes to everything you said, plus coupled with the fact that the real clunkers are still on the road, being too old to trade in! I see lots of old rust bucket big V8’s still being driven around.
    References :

  2. Vahé Says:
    September 30th, 2009 at 6:26 pm

    This program is already negatively affecting auto auctions. I imagine it will really hurt the used car market and artificially drive up prices for used cars and used car prices.
    References :
    "Auto Auction Owner Against Cash for Clunkers"

    http://www.youtube.com/watch?v=v18ExWt3c8A&feature=related

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