ignoring facts again, i see.
like i posted above, there was a comprehensive study done on the effectiveness of cash for clunkers which blows the previous edmunds claims out of the water.
http://www.maritz.com/Press-Releases...-Reported.aspx
Cash for Clunkers Spurred More Than 500,000 Incremental New Vehicle Sales
The NVCS findings show that the Cash for Clunkers program created 542,000 incremental new car or truck sales, meaning that those auto buyers and lessees would not have existed without the incentive program. Previous estimates put resulting incremental sales at somewhere between 125,000 and 346,000.
CARS Did Not Mortgage Future Automotive Sales
The Maritz study also debunks concerns that CARS was mortgaging the future by stealing sales that would have occurred anyway at a later date. While experiencing a slight dip in sales in September 2009, most likely due to a shortage of auto dealer inventory, the Seasonally Adjusted Annual Rate (SAAR) from October through December 2009 shows that automobiles continued to sell at a higher pace than before the CARS program was implemented, according to statistics from the U.S. Department of Commerce Bureau of Economic Analysis.
Cash for Clunkers Creates Jobs, Not Just Sales
Not only do we now know the incentive program created sales that otherwise wouldn’t have occurred, a body of research also proves that Cash for Clunkers created jobs throughout the automotive industry, including those at manufacturers and their suppliers. According to NHTSA’s Report to Congress, CARS resulted in a $3.8 billion to $6.8 billion increase in gross domestic product and “created or saved nearly 60,000 jobs.” And, according to the Ann Arbor, Michigan-based Center for Automotive Research, 40,200 new jobs were created including about 11,000 in Michigan and Ohio alone (for a list of states where the most jobs were created due to CARS, please visit
www.cargroup.org/pdfs/Cash_for_Clunkers_Report.pdf).
Cash for Clunkers Generated Sales Resulting in a Positive Impact on Energy Stewardship
Maritz’s research further supports NHTSA’s data on the positive impact CARS had on the environment and energy savings. According to the NVCS, half of all trade-ins were more than 10 years old and had more than 100,000 miles. Older vehicles such as these only averaged 15.8 miles per gallon and were replaced with vehicles averaging 24.9 miles per gallon, according to NHTSA, which estimates that “the reduction in fuel consumption over the next 25 years to be 824 million gallons…saving roughly 33 million gallons annually.” NHTSA also reports, “The estimated reduction in carbon dioxide emissions and related greenhouse gases over the next 25 years is nine million metric tons, a reduction with an estimated social benefit of $278 million over 25 years (in 2008 dollars).”