Study: 'Cash for clunkers' had stronger influence than estim
The Detroit News
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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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