Cash of Clunkers may have cost $45,354 per vehicle!

[cobra de capell]

http://seekingalpha.com/article/1529...54-per-vehicle

Here's the logic - about 222,000 vehicles would have been sold if every buyer qualified for the $4,500 cash. According to Edmunds, about 200,000 old low mileage cars would normally be traded in, every 3 months, in exchange for more efficient higher mileage cars, without this program.

The "cash for clunkers" program will mean a marginal increase in car sales of 22,000 this quarter. $1 billion divided by 22,000 means a net cost to the government of $45,354 per car.

So..........

[cobra bill]

According to Edmunds, about 200,000 old low mileage cars would normally be traded in, every 3 months

Would that not be in a normal economy? and the money was exhausted in one week, not 3 months.

[cobra de capell]

Stay off my threads.

[computerworks]

No discussion, no thread.