Car Sales Plummet After Cash-for-Clunkers Program Ends

Retail sales in the U.S. dropped in September by 1.5%, driven by a whopping 10.4% decrease in auto sales. (Excluding the drop in auto sales, retail sales actually rose by .5%, which was better than what analysts had predicted.) This data is consistent with, but does not prove, the theory that the cash-for-clunkers program, which ended in late August, did not spur new car sales overall, but simply pushed purchases forward somewhat. This blog has taken a hard look at the clunkers program in a number of posts, including here, here, here, and here.

Comments

[Cars4Charities]

Cash for clunkers didn't significantly help the auto industry. It did, however, hurt taxpayers, the poor, auto reapir shops and charities that need the revenue from car donation.

[Brian Wolfman]

Hello. After many years at Public Citizen, I have moved to Georgetown
law school, where I will be a co-director of the Institute for Public
Representation (IPR) and head IPR's Civil Rights Clinic. You can reach
me at 202 661 6582 and wolfmanb@law.georgetown.edu.

If you want to contact the Litigation Group, contact Litigation Group
Director Allison Zieve at azieve@citizen.org.

Brian Wolfman

[tyre changers]

I think there are advantages as well.Let's look at it,what are the positive result of the program.More fuel efficient cars were used that means keeping the environment clean.Also,preventing pollution at the same time preventing illness.

[slimquick fat burner]

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[truck rental]

What about the side effects of this? Was there an increase in the use of public transportation? Was there an increase of car pooling to work? Bike sales?