Big winners in Cash for Clunkers: Toyota, Honda, and Nissan; Update: Parts business big losers?

posted at 8:48 am on August 27, 2009 by Ed Morrissey

The Obama administration spent three billion dollars subsidizing the destruction of 700,000 vehicles in order to boost car sales.  Which auto makers actually benefited from these American tax subsidies?  Reuters reports that foreign car manufacturers gained market share, while the two bailed-out American automakers lost significant portions of theirs in the big summer sale.  Only Ford managed to hold its own:

Transportation Department figures on the “clunkers” incentive, which offered consumers up to $4,500 when they traded in their older vehicles for more fuel efficient new models, showed on Wednesday that total sales amounted to just under 700,000 with $2.87 billion in rebates. …

According to the figures, Toyota’s “clunkers” market share was 19.4 percent, compared with its year-to-date U.S. share through July of 17 percent. Honda captured 13 percent of the “clunkers” market compared with 11 percent for the first seven months of the year.

Nissan accounted for nearly 9 percent of “clunkers” sales compared with a January-July share of 7 percent. Hyundai was the biggest winner with a 7 percent share compared with 3 percent for the year through July.

Ford’s “clunkers” sales topped 14 percent, compared with a 15 percent share for the year through July. GM reported 17 percent of “clunkers” business compared with 21 percent from January to July. Chrysler’s “clunkers” share was 6.6 percent, compared with 11 percent otherwise.

Ford had the only two American-made vehicles in the top 10 models sold in Cash for Clunkers.  Toyota and Honda both had three, while Nissan and Hyundai both had one each.  Two of Toyota’s entries were in the top three, the Corolla and the Camry.

Why did GM and Chrysler, both owned in part by the same government that launched C4C, do so poorly?  In part, they didn’t have cars to sell.  Both GM and Chrysler had curtailed their production during their bankruptcies but had worked to have inventory ready for the new sales year.  By launching C4C in the middle of the summer, when most dealers are already cutting prices to move inventory off the lot, the administration practically guaranteed that C4C would leave them on the sidelines.  Chrysler had the worst inventory problems, but GM also had serious inventory issues.  Ford, which didn’t take the bailout, had continued production and had inventory ready to sell.

Shouldn’t the owner of GM and Chrysler had known this?  Didn’t anyone on the Auto Task Force — say, Ron Bloom, the auto czar with no automaking experience — bother to check whether their companies were ready to compete in this program, and whether July was a smart time to launch this even apart from that?  This is what happens when government enters the private sector; it makes decisions based on politics rather than sound business sense, and it picks leaders based on cronyism and political payoffs rather than expertise and competence.

Update: Commenter Daft Punk lists the top ten models destroyed in C4C:

  1. Ford Explorer 4WD
  2. Ford F150 Pickup 2WD
  3. Jeep Grand Cherokee 4WD
  4. Ford Explorer 2WD
  5. Dodge Caravan/Grand Caravan 2WD
  6. Jeep Cherokee 4WD
  7. Chevrolet Blazer 4WD
  8. Chevrolet C1500 Pickup 2WD
  9. Ford F150 Pickup 4WD
  10. Ford Windstar FWD Van

All of these are American models.  Now, what happens to the companies that make parts for these cars?  Under normal circumstances, people would replace parts as they fail while keeping the cars on the road.  Suddenly, the after-market parts industry has 700,000 fewer cars for maintenance.  And since Americans mainly traded American cars for foreign vehicles, that parts market will not bounce back for years.

Smooooooooth move.


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There are no words to convey my contempt for this administration. They stole $3 billion dollars and used it to destroy wealth and create debt. If we do not neuter them in 2010 and remove them in 2012, then we get exactly what we deserve.

Jaibones on August 27, 2009 at 9:53 AM

Liberals must be lousy chess players. They clearly can’t see beyond their opening move.

BuckeyeSam on August 27, 2009 at 9:47 AM

Liberals play checkers.

maverick muse on August 27, 2009 at 9:49 AM

Chinese Jump Rope

Loxodonta on August 27, 2009 at 9:54 AM

for the purpose of laundering taxpayer dollars into their campaign chests via the UAW.

Blacklake on August 27, 2009 at 9:49 AM

Union sucking dry the NY Federal Reserve,

a union rep in every kettle.

maverick muse on August 27, 2009 at 9:56 AM

Liberals play checkers.

maverick muse on August 27, 2009 at 9:49 AM

more like “kick the can”…

sven10077 on August 27, 2009 at 9:53 AM

Cops Robbers and Robbers

Loxodonta on August 27, 2009 at 9:56 AM

Obama in Wonderland = Epic Fail

shanimal on August 27, 2009 at 9:57 AM

Chinese Jump Rope

Loxodonta on August 27, 2009 at 9:54 AM

Hangman

maverick muse on August 27, 2009 at 9:58 AM

Hangman

maverick muse on August 27, 2009 at 9:58 AM

That game’s gonna be played on us after he loses the house or filibuster proof senate for the mules….

I look forward to kicking the gang of 14 in the head in the Gulag.

sven10077 on August 27, 2009 at 9:59 AM

Liberals play checkers.

maverick muse on August 27, 2009 at 9:49 AM

Chinese Jump Rope

Loxodonta on August 27, 2009 at 9:54 AM

Hangman

maverick muse on August 27, 2009 at 9:58 AM

And for New York Liberals:

Blind Man’s Bluff

Loxodonta on August 27, 2009 at 10:00 AM

My apologies to all who followed me. The game suggestions were far better than mine–are much more humorous and, sadly, more relevant.

BuckeyeSam on August 27, 2009 at 10:00 AM

Actualy, the auto PART industry will take a second hit as well.

The cars in C4C have a “liquid glass” poured into the engines and transmissions… but the rest of the car is still intact and can be parted out. There should be a glut of used parts for clunkers out there… creating a non sustainable “bubble” (wow, an artificial price bubble created by government tampering… ).

Romeo13 on August 27, 2009 at 10:01 AM

BuckeyeSam on August 27, 2009 at 10:00 AM

Sorry!

Loxodonta on August 27, 2009 at 10:02 AM

Obama in Wonderland = Epic Fail

shanimal on August 27, 2009 at 9:57 AM

Obama as Zardoz

I love to see them running. I love the moments of their deaths – when I am one with Zardoz.

maverick muse on August 27, 2009 at 10:03 AM

I am also curious how the math works for the original phony premise of the program – reducing carbon emissions. How much CO2 generation is associated with the minimg of iron ore, production of steel, production of rubber, actual auto production, destruction of usable vehicles, extra driving vehicle shopping, etc, etc, all for the supposed purpose of an incremental increase in the mpg of 700,000 cars.

chromium on August 27, 2009 at 10:04 AM

This program had many negative impacts. The fact that I had to bail out the auto unions and executives was the original cost. Then we had to underwrite someones purchase by giving them 4500 bucks. The hidden cost is that the program has resulted in the value of my used car to drop off the cliff. So here again we need to penalize the fiscally responsible party so the irresponsible can share in the bounty. How’s the hope and change working out for you!

chicken thief on August 27, 2009 at 10:06 AM

Just another indication of Americans speaking with their wallets; We don’t want your crappy GM/Chrysler cars. Barry just can’t get it through his head that no one respects his decision to takeover the auto industry- no one respects much of anything about him anymore. Not only that, but it’s only a matter of time before the “Fannymae-esqu” aspect of cash for clunkers comes to pass. People who really couldn’t afford a new car, and will fall behind on payments, are going to need a bailout. They’re already crying about paying taxes on the rebate.

anniekc on August 27, 2009 at 10:07 AM

Unintended consequences….or was it intentional?

Either way, the Admin looks stupider (is that a word?).

BobMbx on August 27, 2009 at 10:09 AM

Ohio was an enigma….the right to work shops existing happily next to the UAW dinosaurs….

as long as credit was cheap the UAW shops could artifically compete….

now that the market tightened on free money a bit we saw what happened…

now you know why they have kept borrowing ridiculously cheap for so long.

sven10077 on August 27, 2009 at 9:47 AM

Great points. Meanwhile, my friends who work in the Marysville and Bellefontaine plants, in a state with a double-digit unemployment percentage, are at work today, while my friends’ dads who worked in the UAW assembly and Adelphi parts plants aren’t.

SoFlaCon on August 27, 2009 at 10:10 AM

chicken thief on August 27, 2009 at 10:06 AM

Such is the trap of Hopeium. What will the next “fix” for the government leeches be disguised as?

BobMbx on August 27, 2009 at 10:11 AM

So the two automakers being run by the gubmint weren’t stocked with adequate inventory when their gubmint owners instituted the Cash for Clunkers program.

And these clowns want to manage my health care?

fogw on August 27, 2009 at 10:16 AM

chromium

On all-electric cars, what is the true cost of the energy utilized per mile? It doesn’t readily appear on the public marketing propaganda.

How many miles are achieved per electrical watt or kilowatt, and where’s the recorded accounting for all of energy and natural resources utilized to create the electric watt or kilowatt?

Already, municipalities are tightening how much electricity customers (private citizens) are to be allotted. And the price of electricity is skyrocketing. How inexpensive is recharging an all-electric car? We’ve already heard how expensive these batteries are to replace. And instead of running out of gas on the road and being able to hand carry a gallon in a pinch, what does one do when your battery needs recharging stuck on the side of the road?

And, God forbid, given a terrorist attack that effectively destroys our electrical grid, you’re literally stuck on foot. Those old clunkers are the cars without computer chips, one’s only hope in the worst scenario.

maverick muse on August 27, 2009 at 10:21 AM

Loxodonta on August 27, 2009 at 10:02 AM

I forgot all about that one. Sorry!

maverick muse on August 27, 2009 at 10:24 AM

BuckeyeSam on August 27, 2009 at 10:00 AM

Source of inspiration needs no apology.

maverick muse on August 27, 2009 at 10:25 AM

Used car dealers can’t be happy either.

MarkTheGreat on August 27, 2009 at 9:49 AM

don’t know, it inflates the prices of the used cars they currently have for sale.

jp on August 27, 2009 at 9:52 AM

No. Our “friend”ly used car salesman at a reliable dealership has tales of woe. The C4C program really hurt, severely, benefiting the sales of new, extinguishing sales of used cars. We have yet to hear from him of the ultimate effect from C4C sales on the dealership, how they do or don’t get reimbursed. Time will tell.

maverick muse on August 27, 2009 at 10:30 AM

Best, brightest, most intelligent administration, ever!

And don’t you forget it! Just wait until we run health care!

GarandFan on August 27, 2009 at 10:34 AM

I know locally the Chevy dealer took a hit. Ford said they couldn’t keep the cars on the lot (many people were voting their disdain for the bailout with their wallets) and the foreign cars got my business.

Better product, better price did it for me. I told Chevy, which I have owned for the last four trucks, the one have I is the last one I’ll own. The sales manager said I wasn’t alone. In fact, he said the guys at the dealership were begging for just a regular bankruptcy and no bailout. They knew what GM had done wrong nationally and were hoping for a change in direction. They didn’t get it.

I think they are all buying Subarus.

archer52 on August 27, 2009 at 10:52 AM

Ahhh, good ol’ hindsight 20-20 whining.

I guess the people spoke with their wallets and they don’t want sh*t American cars. Does that make them unAmerican?

“By launching C4C in the middle of the summer, when most dealers are already cutting prices to move inventory off the lot, the administration practically guaranteed that C4C would leave them on the sidelines. ”

The dirty foreigners are also in this late summer inventory boat.

Oh wait – they have plants in the US that employ US workers. I guess they’re not such dirty foreigners after all.

Dave Rywall on August 27, 2009 at 10:53 AM

The dirty foreigners are also in this late summer inventory boat.

Your words, leftard. Not ours.

Oh wait – they have plants in the US that employ US workers. I guess they’re not such dirty foreigners after all.Can you show us all how many jobs this “created?”

This was intended to help prop up GM and Chrysler (GM particularly, as Obama Inc. took it over and they need it to succeed). It failed to do so because you can’t legislate that a product sell.

So it’s another Obamacrat failure. Just like everything else this Administration is failing to do.

But I’ll tell you what, Dave. The one thing the are succeeding in doing is pissing off the public and uniting the opposition against them.

And you can’t do a thing to stop that, because your president is a moron and so are the members of his party.

And we take comfort in that, because it’s now transparently obvious even to Democrats that President Teleprompter has NO FARKING CLUE what he’s doing with the economy.

Double-digit unemployment in 2010 – here we come!

Good Lt on August 27, 2009 at 11:01 AM

Huh? The argument before was that destroying the old cars would take parts off the market.

corona on August 27, 2009 at 11:03 AM

But I’ll tell you what, Dave. The one thing the are succeeding in doing is pissing off the public and uniting the opposition against them.

And you can’t do a thing to stop that, because your president is a moron and so are the members of his party.

And we take comfort in that, because it’s now transparently obvious even to Democrats that President Teleprompter has NO FARKING CLUE what he’s doing with the economy.

Double-digit unemployment in 2010 – here we come!

Good Lt on August 27, 2009 at 11:01 AM

erm DRywall is from Canuckistan….

ergo he is just self-gratifying over a fellow traveller not really in the game.

sven10077 on August 27, 2009 at 11:05 AM

Huh? The argument before was that destroying the old cars would take parts off the market.

corona on August 27, 2009 at 11:03 AM

Unless you have Barry’s magic ball we couldn’t have known who would “win” the 1-900-free-taxpayer-money drive….now we do what was entirely predictable was the program’s impact on parts and the poor.

sven10077 on August 27, 2009 at 11:06 AM

Your words, leftard. Not ours.

Oh wait – they have plants in the US that employ US workers. I guess they’re not such dirty foreigners after all.Can you show us all how many jobs this “created?”

This was intended to help prop up GM and Chrysler (GM particularly, as Obama Inc. took it over and they need it to succeed). It failed to do so because you can’t legislate that a product sell.

So it’s another Obamacrat failure. Just like everything else this Administration is failing to do.

But I’ll tell you what, Dave. The one thing the are succeeding in doing is pissing off the public and uniting the opposition against them.

And you can’t do a thing to stop that, because your president is a moron and so are the members of his party.

And we take comfort in that, because it’s now transparently obvious even to Democrats that President Teleprompter has NO FARKING CLUE what he’s doing with the economy.

Double-digit unemployment in 2010 – here we come!

Good Lt on August 27, 2009 at 11:01 AM
————
Ha ha the xenophobe speaks

Dave Rywall on August 27, 2009 at 11:12 AM

These people completely screwed the pooch on a relatively simple program, because 1) they didn’t fully understand the automobile industry and market and 2) they were unable to forecast the unintended consequences of this program.

Does anyone have confidence that they fully understand the health care industry and (what remains of the) market?

If not, then why do they want to rush health care “reform”? This president wanted the legislation done and passed in a matter of weeks.

I don’t care if you think universal care is a good thing, there is no possible way this crowd can be trusted with important legislation when they are demonstrably incompetent.

This is like deciding to fly on a jumbo jet designed by a company, when all of their prototypes fell out of the sky and burned. It’s just madness.

NoDonkey on August 27, 2009 at 11:15 AM

This is like deciding to fly on a jumbo jet designed by a company, when all of their prototypes fell out of the sky and burned. It’s just madness.

NoDonkey on August 27, 2009 at 11:15 AM

MADNESS!?!

THIS IS BARACAMERICA!!!!!!!!!!!!!!!!!!!!!

sven10077 on August 27, 2009 at 11:33 AM

Obama’s program of cash for clunkers being used to purchase any car you want = capitalism & free market.

HotAir’s plan to limit cash for clunkers to purchase of American cars only = artificial government limits on the free market, just like how the Soviet Union forced their residents to buy their own inferior, domestic made cars.

Exit question: why does HotAir commenter community support communism?

e-pirate on August 27, 2009 at 9:12 AM

Are you really dense enough to believe that $4000 government subsidy on a product is, in any way, a “free market?”

EPIC FAIL.

TheUnrepentantGeek on August 27, 2009 at 11:35 AM

Ha ha the xenophobe speaks

Dave Rywall on August 27, 2009 at 11:12 AM

Ha ha, the twit without any substantive reply speaks.

TheUnrepentantGeek on August 27, 2009 at 11:37 AM

Ha ha, the twit without any substantive reply speaks.

TheUnrepentantGeek on August 27, 2009 at 11:37 AM

But wait, he used a three syllable word from a sociology course he took at Elk Community College, which is the Harvard of the Northwest Territories, he must be “brilliant”.

Just like our “president”.

NoDonkey on August 27, 2009 at 11:44 AM

These people completely screwed the pooch on a relatively simple program, because 1) they didn’t fully understand the automobile industry and market and 2) they were unable to forecast the unintended consequences of this program.

Does anyone have confidence that they fully understand the health care industry and (what remains of the) market?

If not, then why do they want to rush health care “reform”? This president wanted the legislation done and passed in a matter of weeks.

I don’t care if you think universal care is a good thing, there is no possible way this crowd can be trusted with important legislation when they are demonstrably incompetent.

This is like deciding to fly on a jumbo jet designed by a company, when all of their prototypes fell out of the sky and burned. It’s just madness.

NoDonkey on August 27, 2009 at 11:15 AM
——
Yeah, a month or two ago, alllllllll the Republicans and alllll the people on Hotair were shrieking that people would buy “foreign” cars once they traded in their clunkers.

Dave Rywall on August 27, 2009 at 11:51 AM

Are you really dense enough to believe that $4000 government subsidy on a product is, in any way, a “free market?”

EPIC FAIL.

TheUnrepentantGeek on August 27, 2009 at 11:35 AM
——

It sure hurts to admit pure free market capitalism simply doesn’t work, doesn’t it.

Dave Rywall on August 27, 2009 at 11:52 AM

#1 Ford Explorer 4WD
#2 Ford F150 Pickup 2WD

So anyone who owns an Explorer or F150 just saw the value of their truck go up substantially. I own a fairly old gas guzzling SUV myself. The KBB private party value was $4200 when I checked in May. It is now $4650.

Supply and demand baby! You destroy 700,000 SUVs/trucks, guess what? The value of the remaining SUV/Trucks goes up.

angryed on August 27, 2009 at 11:54 AM

It sure hurts to admit pure free market capitalism simply doesn’t work, doesn’t it.

Dave Rywall on August 27, 2009 at 11:52 AM

In contrast federal programs work exactly as designed by seizing power and money from the people and giving it to Washington to lord over us.

So the fact that all federal programs are failed money pits, is actually by design and therefore, wildly successful.

NoDonkey on August 27, 2009 at 12:00 PM

In contrast federal programs work exactly as designed by seizing power and money from the people and giving it to Washington to lord over us.

So the fact that all federal programs are failed money pits, is actually by design and therefore, wildly successful.

NoDonkey on August 27, 2009 at 12:00 PM
——
Well clearly people are too lazy or stupid to trade in their polluting shltboxes, which hurts the rest of us.

Lording over you? Spare me the drama.

And do you only whip out your outrage at government programs during Democrat administrations?

Dave Rywall on August 27, 2009 at 12:03 PM

Liberals must be lousy chess players. They clearly can’t see beyond their opening move.

BuckeyeSam on August 27, 2009 at 9:47 AM
Liberals play checkers.

maverick muse on August 27, 2009 at 9:49 AM
Chinese Jump Rope

Loxodonta on August 27, 2009 at 9:54 AM

They need to be introduced to Chinese handcuffs…

mwdiver on August 27, 2009 at 12:09 PM

Buying GM or Chrysler is un-American.

beatcanvas on August 27, 2009 at 12:17 PM

Well clearly people are too lazy or stupid to trade in their polluting shltboxes, which hurts the rest of us.

This idiotic program funded automobile purchases for new cars that get a barely perceptable fuel mileage advantage over the car that was junked.

Couple that with the energy it takes to produce a new car and it’s a net negative.

And do you only whip out your outrage at government programs during Democrat administrations?

No, they suck all the time and everytime.

It would be fine with me if the only thing that remained of the federal government would be the Dept of Defense, the FBI, the CIA and the border patrol.

We’d be far better off if every other federal department shut down this moment.

NoDonkey on August 27, 2009 at 12:26 PM

Buying GM or Chrysler is un-American.

beatcanvas on August 27, 2009 at 12:17 PM

But you will get to see America’s highways and byways, when you leave your broken down car on the side of the road.

NoDonkey on August 27, 2009 at 12:27 PM

I will tell you why, because Toyota makes a damn good car. When my Ford got into a wreck, I was looking for a good hybrid. Ford didnt make one, Toyota made the best one.

Free market, amen.

Squid Shark on August 27, 2009 at 12:31 PM

That the top 10 cars destroyed are American cars is not a surprise. It is likely a reflection of the auto market of the 90s or 80s when American cars topped the sales charts.

As for Chrysler not selling many new cars in the clunkers program, low inventory is one reason as you rightly identified. The other reason I believe is that they don’t have many cars with higher mpg rating. You can rule out the whole Jeep lineup and Dodge trucks. Chrysler cars (sebring, 300 and PT cruiser) are uninspiring. In effect, they only had Dodge cars and the Chrysler van to sell in the clunkers program. I guess.

sram on August 27, 2009 at 12:34 PM

Honest to God, I have encountered Lefties who are just fine with all these American made vehicles being destroyed and all these foreign cars being bought because it.. wait for it… will help the environment thus saving the planet.

Bleh.

Yakko77 on August 27, 2009 at 12:38 PM

Liberals must be lousy chess players. They clearly can’t see beyond their opening move.

BuckeyeSam on August 27, 2009 at 9:47 AM

Liberals play checkers.

maverick muse on August 27, 2009 at 9:49 AM

Chinese Jump Rope

Loxodonta on August 27, 2009 at 9:54 AM

Chinese finger puzzle.

shick on August 27, 2009 at 12:42 PM

Well clearly people are too lazy or stupid to trade in their polluting shltboxes, which hurts the rest of us.

And how exactly does not trading in old cars hurt the rest of us?

And do you only whip out your outrage at government programs during Democrat administrations?

Dave Rywall on August 27, 2009 at 12:03 PM

True conservatives and level headed persons are outraged at wasteful and business killing government programs during any administration. Let’s reverse your question. You’re not outraged by this ridiculous program?

shick on August 27, 2009 at 12:48 PM

Chinese cluster-f*ck.

The favorite pastime of the Obama “administration”.

NoDonkey on August 27, 2009 at 12:48 PM

NoDonkey on August 27, 2009 at 12:26 PM

It seems on this issue we think alike.

shick on August 27, 2009 at 12:49 PM

I have been in auto marketing for longer than I would like to admit. While some percentage of “Cash for Clunkers” sales were made to people who would have purchased used vehicles, the majority were sold to people who would have made new vehicle purchases later this year.

The government basically spent $3 billion primarily to move September – December sales into July and August. Now get ready for the “hangover.”

bw222 on August 27, 2009 at 1:01 PM

Dave Rywall -

You’re living prood that there’s nothing dumber than a dumb Canuck.

bw222 on August 27, 2009 at 1:03 PM

That’s what we did. Japanese.

LtE126 on August 27, 2009 at 1:25 PM

It should be called “Cash for Japan”. Don’t you think it would have been a good idea to stipulate that the money be used solely for domestic vehicles? Basically our tax dollars went to enrich Japanese corporations. Doumo arigatou gozaimasu.

OxyCon on August 27, 2009 at 1:41 PM

bw222 on August 27, 2009 at 1:01 PM

TRU DAT PLAYAH

angryed on August 27, 2009 at 1:47 PM

Ya know what really sucks? I’ve been wanting to buy a used pick-up truck, like a Ford F-150, for weekend trips to Home Depot. I wouldn’t have cared what kind of condition it was in or how efficient it was, just as long as it ran.

Now, such pick up trucks are a little harder to come by.

Awesome.
Just awesome.

Thanks, Government!

stevezilla on August 27, 2009 at 1:53 PM

Vehicle purchase intent down by 50%.

http://www.cardealerreviews.org/?p=116881

bw222 on August 27, 2009 at 1:59 PM

Further bad news: all of thoise clunkers can be stripped for parts so the used parts industry will take another hit.

This was a complete waste of money. I keep asking myself why I bought a car that gets 32 mpg five years ago…then I realise it was because I wanted to pay for wsomeone else’s new stimulus car.

allstonian on August 27, 2009 at 2:08 PM

Chinese Jump Rope

Loxodonta on August 27, 2009 at 9:54 AM

Chinese finger puzzle.

shick on August 27, 2009 at 12:42 PM

Much better! Thanks!

Loxodonta on August 27, 2009 at 2:32 PM

Update: Commenter Daft Punk lists the top ten models destroyed in C4C:
1.Ford Explorer 4WD
2.Ford F150 Pickup 2WD
3.Jeep Grand Cherokee 4WD
4.Ford Explorer 2WD
5.Dodge Caravan/Grand Caravan 2WD
6.Jeep Cherokee 4WD
7.Chevrolet Blazer 4WD
8.Chevrolet C1500 Pickup 2WD
9.Ford F150 Pickup 4WD
10.Ford Windstar FWD Van

All of these are American models. Now, what happens to the companies that make parts for these cars? Under normal circumstances, people would replace parts as they fail while keeping the cars on the road. Suddenly, the after-market parts industry has 700,000 fewer cars for maintenance. And since Americans mainly traded American cars for foreign vehicles, that parts market will not bounce back for years.
Smooooooooth move.

And how many jobs will be eliminated?

Cash for Clunkers …… What Clown and Posse of Funnymen thought of this sham?

BigMike252 on August 27, 2009 at 2:39 PM

When does cash for refrigerators start? I need a new one.

My friend and I were debating when it would get down to cash for socks. You know a rebate for those socks they sell at flea markets beside the road.

trollkiller on August 27, 2009 at 2:51 PM

At least the program was “wildly sucessful”, or so says NPR.

exdeadhead on August 27, 2009 at 3:13 PM

Ahhh, good ol’ hindsight 20-20 whining.
Dave Rywall

Sometimes you have to read the “whole” paragraph to understand the meaning of that paragraph.

By launching C4C in the middle of the summer, when most dealers are already cutting prices to move inventory off the lot, the administration practically guaranteed that C4C would leave them on the sidelines. Chrysler had the worst inventory problems, but GM also had serious inventory issues. Ford, which didn’t take the bailout, had continued production and had inventory ready to sell.

DSchoen on August 27, 2009 at 3:39 PM

Ford had inventory to sell cuz Ford DIDN’T take the bailout. Ford DIDN’T have to shutdown and reorganize for their government puppeteers.

Same for the foreign makes.

How bout some 20/20 spin, using Olbermann logic.

American auto makes (Ford, GM, Chrysler) sold the most cars under “cash for clunkers” if you don’t count cars that are not made by American auto makes (Ford, GM, Chrysler).

DSchoen on August 27, 2009 at 3:40 PM

Government Motors. What could go wrong? Health care is next.

Mangy Scot on August 27, 2009 at 4:19 PM

Anyone that hasn’t figured out that Obama is not on Americas side…that he does not “have our six”, that he is in fact the enemy of Capitalism and not it’s champion is simply not paying attention. He seeks de-development. He WANTS our economy to shrink. He seeks to level the playing field…not within America for Americans but for the rest of the world by hobbling Americas ability to produce, to expand our economy.
I fear for the Republic…

Obama is a liar and Truth
is killing his Marxist agenda.

Army Brat on August 27, 2009 at 4:50 PM

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