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Study: 'Cash for clunkers' had stronger influence than estim

The Detroit News -- Last year's "cash for clunkers" incentives program stoked demand for cars and trucks without pulling sales forward, according to a study by the Maritz Automotive Research Group.

"Our findings not only provide strong evidence that many more vehicles were sold as a direct result of the incentive program than were previously estimated, but they also largely debunk the myth that 'cash for clunkers' mortgaged future car and truck sales," said Dave Fish, vice president, Maritz Automotive Research Group.

"In fact, the program resulted in sales of vehicles to people who don't normally buy them."

Toledo, Ohio-based Maritz surveyed nearly 36,000 consumers who bought a new car or truck between July and August 2009, when the Car Allowance Rebate System was in effect.

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Submitted Mar 09, 2010 By: dwgt.net

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TXGasPriceSpy Champion Author Fort Worth Posts:2,691 Points:505,495 Joined:Sep 2008	Message Posted: Mar 9, 2010 10:18:20 PM Ignore TXGasPriceSpy Report Abuse I'm looking for a cash for clunker repo right now.
Jeeputtputt All-Star Author Cincinnati Posts:721 Points:183,670 Joined:Aug 2009	Message Posted: Mar 9, 2010 10:17:05 PM Ignore Jeeputtputt Report Abuse Flawed program!!!!! Your tax dollars buying 1/2 of a vehicle for someone else that would not, could not otherwise ever look or try to buy NEW...... THANKS Obama Still making my payments and the neighbors are real glad I got rid of that piece of s*%# (worth - $100)that just sat in the drive....no polution there!....BUT if we win 'the' lottery I'd buy Ford next time cause they did NOT take the money...(not proud, I took the $9,500.00) What a country!!
jb107 Champion Author New Jersey Posts:4,704 Points:1,647,990 Joined:Sep 2005	Message Posted: Mar 9, 2010 10:16:50 PM Ignore jb107 Report Abuse People who were driving clunkers are not the people who go out and buy new cars. When they need to replace it they buy a second hand one.
Amplion Champion Author Oregon Posts:1,543 Points:893,945 Joined:Sep 2005	Message Posted: Mar 9, 2010 10:09:48 PM Ignore Amplion Report Abuse Better off driving a clunker than an unsafe TOYOTA.
LexusLS400 Champion Author Orange County Posts:3,520 Points:708,190 Joined:Aug 2008	Message Posted: Mar 9, 2010 10:06:49 PM Ignore LexusLS400 Report Abuse Everything was fine until I got to the "created or saved" part. !! Dang I hate that phrase!
freerobert Veteran Author California Posts:356 Points:484,245 Joined:Mar 2008	Message Posted: Mar 9, 2010 10:05:39 PM Ignore freerobert Report Abuse Another Government waste.
HailstormCA Champion Author San Diego Posts:3,492 Points:611,125 Joined:Nov 2008	Message Posted: Mar 9, 2010 10:05:33 PM Ignore HailstormCA Report Abuse If I know the outcome of the study you want, you can get it.
OHMS Champion Author Orange County Posts:8,105 Points:913,635 Joined:May 2005	Message Posted: Mar 9, 2010 10:02:30 PM Ignore OHMS Report Abuse It was a waste of OUR money by our Gov A MINT, and the slowness with which dealerships received their funds gave us foresight in a government run medical system. How many mechanics jobs were lost because all those clunkers they should be paid to keep running were lost.?
rugbyphil Champion Author Las Vegas Posts:13,771 Points:2,552,170 Joined:Apr 2003	Message Posted: Mar 9, 2010 9:57:19 PM Ignore rugbyphil Report Abuse it was a waste of money, and was just for show
Asbury09 Champion Author Iowa Posts:2,392 Points:561,555 Joined:Jan 2009	Message Posted: Mar 9, 2010 9:55:30 PM Ignore Asbury09 Report Abuse many if not most of the cars sold were not made by American manufacturers, but the American taxpayer gets to pick up the tab, so how are we ahead, give me a break
96sc1 Champion Author El Paso Posts:5,577 Points:731,840 Joined:Mar 2008	Message Posted: Mar 9, 2010 9:52:36 PM Ignore 96sc1 Report Abuse viva F150!
mecforyou All-Star Author Iowa Posts:815 Points:465,440 Joined:Jul 2007	Message Posted: Mar 9, 2010 9:51:47 PM Ignore mecforyou Report Abuse I think this statement said it all. "In fact, the program resulted in sales of vehicles to people who don't normally buy them." Cars were sold to people that WOULD NOT NORMALLY BUY A NEW CAR
waynemustang Champion Author Indiana Posts:3,223 Points:845,050 Joined:Nov 2006	Message Posted: Mar 9, 2010 9:47:00 PM Ignore waynemustang Report Abuse Why should I be taxed for someones trade in that is not mine? Greedy mooches.
burgerlover Rookie Author Santa Fe Posts:17 Points:2,820 Joined:Mar 2010	Message Posted: Mar 9, 2010 9:34:26 PM Ignore burgerlover Report Abuse I never did see the point but then my favorite car is an '83 and gets over 30 mpg.
neverathome Champion Author Twin Cities Posts:11,781 Points:2,226,250 Joined:Jul 2001	Message Posted: Mar 9, 2010 9:28:58 PM Ignore neverathome Report Abuse Hey have some more kool aid lol
Jun2 Veteran Author Virginia Posts:499 Points:398,200 Joined:Aug 2008	Message Posted: Mar 9, 2010 9:28:47 PM Ignore Jun2 Report Abuse Good news!
briguy101386 Rookie Author Oregon Posts:79 Points:27,060 Joined:Aug 2008	Message Posted: Mar 9, 2010 9:27:01 PM Ignore briguy101386 Report Abuse During this program it was hard to find a used vehicle to buy because they were having crud dumped down their good working engines and crushed.
Pete12 Champion Author Albany Posts:1,928 Points:796,150 Joined:Nov 2005	Message Posted: Mar 9, 2010 9:26:29 PM Ignore Pete12 Report Abuse That's good that they sucked in some of the tightwads.
kidrockTX Champion Author Fort Worth Posts:3,854 Points:508,370 Joined:Sep 2008	Message Posted: Mar 9, 2010 9:22:05 PM Ignore kidrockTX Report Abuse yes it should have been a U.S. vehicle only
danreino Champion Author Twin Cities Posts:3,801 Points:678,145 Joined:Mar 2008	Message Posted: Mar 9, 2010 9:16:59 PM Ignore danreino Report Abuse Should've been to purchase American vehicles only.
oldiesman Champion Author New York Posts:1,667 Points:1,264,185 Joined:May 2006	Message Posted: Mar 9, 2010 9:12:48 PM Ignore oldiesman Report Abuse I'am the tooth fairy.
Edtx2009 Champion Author Houston Posts:1,301 Points:267,665 Joined:Jun 2009	Message Posted: Mar 9, 2010 9:08:05 PM Ignore Edtx2009 Report Abuse Another insider story.
revON Champion Author Toronto Posts:1,219 Points:643,900 Joined:Dec 2007	Message Posted: Mar 9, 2010 9:07:25 PM Ignore revON Report Abuse Yea right.
BigJeepCT Rookie Author Connecticut Posts:50 Points:95,850 Joined:Oct 2008	Message Posted: Mar 9, 2010 9:06:25 PM Ignore BigJeepCT Report Abuse Story's comments are by a guy representing an automotive trade group. Biased? You think?
PissedCanuck Champion Author Toronto Posts:3,832 Points:820,385 Joined:Nov 2006	Message Posted: Mar 9, 2010 9:06:16 PM Ignore PissedCanuck Report Abuse So now when these people who don't normally buy them can't keep up with the new car payments, that new car smell will start to stink.
SSchmidty Champion Author Illinois Posts:4,341 Points:821,295 Joined:Mar 2008	Message Posted: Mar 9, 2010 9:05:31 PM Ignore SSchmidty Report Abuse I have to see in the gov't web portal site the graphic details ... '07, '09 compared to '09... are you kidding me?
Rick52 Champion Author Milwaukee Posts:6,260 Points:280,105 Joined:Mar 2005	Message Posted: Mar 9, 2010 9:05:24 PM Ignore Rick52 Report Abuse And how many did the REPO man take back ?????? Where are those numbers ?????
1Casey Champion Author Albany Posts:2,152 Points:999,450 Joined:Jun 2004	Message Posted: Mar 9, 2010 9:00:37 PM Ignore 1Casey Report Abuse This story is so bogus. That plan did nothing but put the next five generations of Americans in debt.
janctx Champion Author Lubbock Posts:2,649 Points:858,335 Joined:Nov 2007	Message Posted: Mar 9, 2010 8:59:47 PM Ignore janctx Report Abuse I believe it.
BKool Champion Author Michigan Posts:3,025 Points:1,439,920 Joined:Aug 2005	Message Posted: Mar 9, 2010 8:57:12 PM Ignore BKool Report Abuse Sure...