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Cash for Clunkers 2.0

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Cash for Clunkers 2.0

Post by 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."
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."
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."
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Re: Cash for Clunkers 2.0

Post by 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
My Volvo cars owned
1989 740 GLT ordered
1994 850 4door standard shift ordered
1996 960 ordered
1998 S90 ordered totalled after 3 weeks
1998 V70 GT dealer stock car
2002 S80 T6 ordered totalled
2004 S80 T6 dealer stock car and current car owned
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