Cash for Clunkers 2.0

[Phainein7]

Note - Paywall Article

Auto industry sees need for government-funded program, like Cash for Clunkers, to spur vehicle sales

Once automakers restart new-vehicle production, dealers will face the challenge of coaxing customers back into showrooms. Many industry and government officials believe it will take a shot of economic incentives to make that happen.

Some have even proposed a new Cash for Clunkers program — but not necessarily like the Clunkers event that roiled the retail market in 2009.

"It's a different time," said Ray LaHood, U.S. Secretary of Transportation from 2009 to 2013 under President Barack Obama. "The idea that you would fashion a program where there would be an incentive for people to go back in the showrooms — an incentive for people to buy automobiles — is the real linchpin."
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The 2009 program was great for dealers, said dealer Patrick Primm of Cascade Auto Group in Cuyahoga Falls, Ohio — except that it "decimated the lower-level used-car market."
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Brian Collie, a managing director and senior partner at Boston Consulting Group, said as long as fear and uncertainty are present, people are going to forgo making big, discretionary purchases such as vehicles — regardless of any incentives.

"It's such an incredibly fluid situation," he said. "We're still in an environment where uncertainty is the descriptor of the day."

[June]

God I hope C4C never comes back! Although most were junk, some would have helped people in need... Nearly one million cars died! Luckily not many Volvos, although a beautiful 740 turbo and two nice S80 T6 are on YouTube being locked up.

Being a car enthusiast, seeing any automobile being destroyed before it's time is sickening to me. June