http://askthemanager.com/2009/08/the-truth-about-cash-for-clunkers/ Business, Finance, and Leadership Development Sat, 13 Mar 2010 14:08:56 +0000 http://wordpress.org/?v=2.5.1 http://askthemanager.com/2009/08/the-truth-about-cash-for-clunkers/#comment-54004 Cars4Charities Wed, 19 Aug 2009 22:19:21 +0000 http://askthemanager.com/?p=216#comment-54004 Cash for clunkers is hurting many industries including used car dealers, auto repair shops, auto repair shops, car donation charities, the poor, etc. Cash for clunkers is hurting many industries including used car dealers, auto repair shops, auto repair shops, car donation charities, the poor, etc.

]]> http://askthemanager.com/2009/08/the-truth-about-cash-for-clunkers/#comment-53757 Keith Griffin Tue, 18 Aug 2009 16:39:04 +0000 http://askthemanager.com/?p=216#comment-53757 You raise some excellent points, especially when it comes to the green aspects of this legislation. At my website, http://usedcars.about.com, I had opposed Cash for Clunkers from the beginning. It's expensive, feel-good legislation that truly will have no lasting impact, except possibly on TV stations that good a mid-summer boost in advertising. I am, however, somewhat suspect of numbers posted by charities and used car lots claiming huge drops in business. Not everybody participating in Cash for Clunkers would have bought a used car for their next purchase. This program didn't pull people from used car lots. Instead, it inspired people to accelerate new car purchases. The charities (some of which are barely charities) also seem to ignore the fact that people have been buying fewer new cars for the past two years. That is going to have more of an impact on used car donations because they are typically made when new cars are purchased. You raise some excellent points, especially when it comes to the green aspects of this legislation. At my website, http://usedcars.about.com, I had opposed Cash for Clunkers from the beginning. It’s expensive, feel-good legislation that truly will have no lasting impact, except possibly on TV stations that good a mid-summer boost in advertising.
I am, however, somewhat suspect of numbers posted by charities and used car lots claiming huge drops in business. Not everybody participating in Cash for Clunkers would have bought a used car for their next purchase. This program didn’t pull people from used car lots. Instead, it inspired people to accelerate new car purchases.
The charities (some of which are barely charities) also seem to ignore the fact that people have been buying fewer new cars for the past two years. That is going to have more of an impact on used car donations because they are typically made when new cars are purchased.

]]> http://askthemanager.com/2009/08/the-truth-about-cash-for-clunkers/#comment-53499 clayton Mon, 17 Aug 2009 02:39:51 +0000 http://askthemanager.com/?p=216#comment-53499 Couldn't agree with you more! When you look closley, all the Cash for Clunkers program really does is encourage consumers who have gone years wihtout a car loan (many of whom are low income folks), to borrow money in a time of serious economic uncertainly....a bad idea all the way around. Couldn’t agree with you more! When you look closley, all the Cash for Clunkers program really does is encourage consumers who have gone years wihtout a car loan (many of whom are low income folks), to borrow money in a time of serious economic uncertainly….a bad idea all the way around.

]]>