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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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altonb1 Champion Author Pennsylvania Posts:5,042 Points:690,250 Joined:Jul 2005	Message Posted: Mar 10, 2010 12:20:29 AM Ignore altonb1 Report Abuse It did a wonderful job for all of those people that bought nice, reliable, safe Toyotas....
Rageagainsttm Champion Author Tampa Posts:3,676 Points:964,585 Joined:Jul 2007	Message Posted: Mar 10, 2010 12:17:42 AM Ignore Rageagainsttm Report Abuse I agree that this program was a waste of money.
skybiker Champion Author South Carolina Posts:3,340 Points:663,205 Joined:Jul 2008	Message Posted: Mar 10, 2010 12:16:09 AM Ignore skybiker Report Abuse Still a waste of tax money......
TBONE3 Champion Author Pennsylvania Posts:3,900 Points:1,006,620 Joined:Mar 2005	Message Posted: Mar 10, 2010 12:14:34 AM Ignore TBONE3 Report Abuse GM is reappointing a large percentage of the dealerships they abandoned. I believe that is a good sign for the C4C program. Hopefully more manufacturers will follow suit. That excludes Toyota until they get their crap totally fixed.
tedjm1 Champion Author New York Posts:1,537 Points:167,480 Joined:Dec 2006	Message Posted: Mar 10, 2010 12:12:33 AM Ignore tedjm1 Report Abuse I know a few people who were told that their 'old' cars were not up to standards for the program. One car was a 1986 Buick with less than 100,000 milles on it.
PaylessKY Champion Author Kentucky Posts:3,595 Points:666,330 Joined:Oct 2008	Message Posted: Mar 10, 2010 12:11:02 AM Ignore PaylessKY Report Abuse Vehicles were sold that may not have other wise been sold.
rxman1 Champion Author Toledo Posts:4,362 Points:910,405 Joined:Nov 2007	Message Posted: Mar 10, 2010 12:10:03 AM Ignore rxman1 Report Abuse I think that the jury is still out on this one. That is whither this program worked or not. It certainly started to sell cars.
Lizzylou Champion Author Stockton Posts:4,535 Points:1,504,700 Joined:Oct 2005	Message Posted: Mar 10, 2010 12:09:31 AM Ignore Lizzylou Report Abuse If it really was so successful then why did so many dealerships close???
Blue_Cruzer Champion Author Lexington Posts:3,013 Points:774,360 Joined:Mar 2007	Message Posted: Mar 10, 2010 12:08:52 AM Ignore Blue_Cruzer Report Abuse If it was success, they should have another one.
donzo00 Champion Author Nevada Posts:4,151 Points:677,695 Joined:Sep 2008	Message Posted: Mar 10, 2010 12:05:09 AM Ignore donzo00 Report Abuse gov sent too much money for that
rollma2 All-Star Author Montreal Posts:655 Points:155,355 Joined:Jul 2009	Message Posted: Mar 10, 2010 12:02:56 AM Ignore rollma2 Report Abuse not
Toppers Champion Author Atlanta Posts:4,132 Points:1,504,315 Joined:Mar 2005	Message Posted: Mar 10, 2010 12:01:49 AM Ignore Toppers Report Abuse Right-then let's do it again if it was such a great idea...
LetemEatCake Champion Author Oklahoma City Posts:2,800 Points:439,295 Joined:Mar 2008	Message Posted: Mar 9, 2010 11:58:43 PM Ignore LetemEatCake Report Abuse BWAHAHAHHAHAHHAHAHHAHAHAAA! I love it when I get it right and hundreds of other Goobers were just wrong! It is now so interesting that the same posters now have new arguments why they were right. HMMM.
RecountFL Champion Author Miami Posts:4,111 Points:577,505 Joined:Jun 2008	Message Posted: Mar 9, 2010 11:52:30 PM Ignore RecountFL Report Abuse lol @ the nuts that will now call this a lie. Can't admit that they were actually wrong and had no clue what they were talking about. So instead they just continue to state things they know aren't true.
onegiraffeAL Sophomore Author Alabama Posts:218 Points:87,495 Joined:Jan 2010	Message Posted: Mar 9, 2010 11:51:57 PM Ignore onegiraffeAL Report Abuse I'm still happy with my old heap because it's paid 4. 5 more mpg can't make up for 5 years of payments.
Bussman Champion Author Dallas Posts:1,730 Points:524,565 Joined:Nov 2008	Message Posted: Mar 9, 2010 11:49:49 PM Ignore Bussman Report Abuse Very bad program on so many levels.
NHLiveFree Champion Author New Hampshire Posts:4,014 Points:670,570 Joined:Jun 2008	Message Posted: Mar 9, 2010 11:48:44 PM Ignore NHLiveFree Report Abuse You got it right FastAndy!!! Poor, poor planning that was totally without thought. It certainly did wonders for all but our USA manufacturers. Please don't forget all the Korean large appliances that have now overwhelmed our domestic manufacturers in Sears, Home Depot, Best Buy, Lowe's, etc.
MidNJ Champion Author New Jersey Posts:1,657 Points:252,670 Joined:Sep 2009	Message Posted: Mar 9, 2010 11:47:40 PM Ignore MidNJ Report Abuse Getting cars that average 15 miles a gallon, scraping them for recycled metal and replacing them with higher mileage cars is positive and means less of our money going to the Arab oil nations. Jobs were created and at least it stabilized the rapid loss of jobs caused by the prior administration.
BlackHorse Champion Author Twin Cities Posts:2,454 Points:618,785 Joined:Dec 2002	Message Posted: Mar 9, 2010 11:46:28 PM Ignore BlackHorse Report Abuse OK so inventory was reduced, older 15mpg cars/trucks were replaced with 24.5mpg cars/trucks, a few jobs were saved, but it did NOT jump start sales. it was a flash in the pan. tax dollars down a rat hole. and people with older cars could not get a new one if they didnt have a JOB.
FastAndy Champion Author Indianapolis Posts:4,216 Points:1,117,045 Joined:Jun 2007	Message Posted: Mar 9, 2010 11:45:00 PM Ignore FastAndy Report Abuse Yes, it had a stronger influence than estimated in Japan;s and the Korean;s economy, too.
96sc1 Champion Author El Paso Posts:5,577 Points:731,715 Joined:Mar 2008	Message Posted: Mar 9, 2010 11:42:22 PM Ignore 96sc1 Report Abuse No
dbatw Champion Author St. Louis Posts:1,686 Points:341,165 Joined:Apr 2009	Message Posted: Mar 9, 2010 11:39:25 PM Ignore dbatw Report Abuse sounds like President Obama was pretty smart after all, hey?
miser709 Sophomore Author Grand Rapids Posts:174 Points:180,345 Joined:Mar 2004	Message Posted: Mar 9, 2010 11:38:58 PM Ignore miser709 Report Abuse People trade in their old American vehicle and buy a Toyota with taxpayers money (credit). Then the old vehicle is crushed so it is unusable. There are so many things wrong with this thinking. With leaders like this, bankruptcy will be the inevitable end to this country as we know it.
bigmaninarig Champion Author St. Louis Posts:3,078 Points:539,715 Joined:Jul 2008	Message Posted: Mar 9, 2010 11:34:43 PM Ignore bigmaninarig Report Abuse When did Maritz move to Toledo, Ohio from Fenton, MO?
CrazyQ Champion Author Washington Posts:16,320 Points:2,098,595 Joined:Aug 2004	Message Posted: Mar 9, 2010 11:31:36 PM Ignore CrazyQ Report Abuse How friendly to the environment was this??? Crushing perfectly good cars...
mstearno Champion Author Dayton Posts:3,596 Points:798,315 Joined:Jan 2008	Message Posted: Mar 9, 2010 11:31:17 PM Ignore mstearno Report Abuse Well if it were true and it's not Where are all the jobs.....???
phurburger Champion Author Atlanta Posts:2,555 Points:530,670 Joined:Oct 2005	Message Posted: Mar 9, 2010 11:29:13 PM Ignore phurburger Report Abuse This is unadulterated lies.
N5EXY All-Star Author Austin Posts:585 Points:536,320 Joined:Jul 2004	Message Posted: Mar 9, 2010 11:22:26 PM Ignore N5EXY Report Abuse YeahBut - - cost us about 8 tax dollars for every fuel dollar saved. That's before people who shouldn't normally have bought one hear from RepoMan. It's your (and our) money at work. I suppose 7 dollar net is Change and Hope.
nightworker998 All-Star Author Maryland Posts:729 Points:303,835 Joined:Mar 2009	Message Posted: Mar 9, 2010 11:15:23 PM Ignore nightworker998 Report Abuse It was designed to remove the poluting and fuel inefficient vechicles instead people more or less replaced what they owned
Lukus Champion Author Halifax Posts:3,509 Points:713,240 Joined:Nov 2007	Message Posted: Mar 9, 2010 11:14:44 PM Ignore Lukus Report Abuse The cash program gave people a chance to update to new cars that would normally only have bought a used car.
altima2008 Champion Author Philadelphia Posts:3,254 Points:770,035 Joined:Apr 2008	Message Posted: Mar 9, 2010 11:11:07 PM Ignore altima2008 Report Abuse The money for this program didn't come out of nobamas pocket, it came out of ours!
comprof Champion Author Houston Posts:1,794 Points:392,275 Joined:Jul 2009	Message Posted: Mar 9, 2010 11:06:27 PM Ignore comprof Report Abuse By the way. That waws not Obama's idea.
comprof Champion Author Houston Posts:1,794 Points:392,275 Joined:Jul 2009	Message Posted: Mar 9, 2010 11:05:54 PM Ignore comprof Report Abuse Great influence. People without money will have to pay for it.
DavoIL Veteran Author Chicago Posts:436 Points:332,705 Joined:May 2009	Message Posted: Mar 9, 2010 10:58:06 PM Ignore DavoIL Report Abuse Robrd: you got that right!!
smitty008 Rookie Author Baltimore Posts:13 Points:6,265 Joined:Dec 2009	Message Posted: Mar 9, 2010 10:56:46 PM Ignore smitty008 Report Abuse It is amazing when the both the thought and the money come together.
FordF2502001 Champion Author Mississippi Posts:3,083 Points:669,100 Joined:Sep 2008	Message Posted: Mar 9, 2010 10:56:25 PM Ignore FordF2502001 Report Abuse Sure did mortgage our future.
OGW Champion Author London Posts:1,356 Points:671,940 Joined:Sep 2005	Message Posted: Mar 9, 2010 10:56:15 PM Ignore OGW Report Abuse If you could you should have bought one, after all it was your money that other people were using too.
zeddieiv Champion Author Columbia Posts:3,575 Points:1,067,485 Joined:Oct 2006	Message Posted: Mar 9, 2010 10:54:25 PM Ignore zeddieiv Report Abuse You got that right, fightbigoil
RobRD Champion Author Alberta Posts:3,828 Points:896,020 Joined:Jul 2007	Message Posted: Mar 9, 2010 10:54:16 PM Ignore RobRD Report Abuse That is great news and proves that 'Cash for clunkers' was actually a good idea that worked. Of course no one is going to credit Obama for that one.
fightbigoil71 Champion Author Milwaukee Posts:2,790 Points:595,110 Joined:Nov 2008	Message Posted: Mar 9, 2010 10:52:08 PM Ignore fightbigoil71 Report Abuse And whose money was it? Ours!
bozo All-Star Author Boston Posts:946 Points:1,333,200 Joined:Feb 2003	Message Posted: Mar 9, 2010 10:50:11 PM Ignore bozo Report Abuse i'm not convinced.
minnesotagirl Champion Author Milwaukee Posts:1,177 Points:288,115 Joined:Oct 2009	Message Posted: Mar 9, 2010 10:48:53 PM Ignore minnesotagirl Report Abuse And who is paying for it? We are!
SpaceAce5 Veteran Author South Dakota Posts:300 Points:66,245 Joined:Feb 2010	Message Posted: Mar 9, 2010 10:47:14 PM Ignore SpaceAce5 Report Abuse i have heard of a couple repos on people who went in for that locally [Edited by: SpaceAce5 at 3/9/2010 10:47:28 PM EST]
salgood Veteran Author Twin Cities Posts:474 Points:175,490 Joined:Jun 2008	Message Posted: Mar 9, 2010 10:41:00 PM Ignore salgood Report Abuse When will they conduct their study on cash for clunker reposession's?
JCS319 Champion Author Tacoma Posts:10,446 Points:1,566,880 Joined:Dec 2005	Message Posted: Mar 9, 2010 10:37:53 PM Ignore JCS319 Report Abuse Wow, Cash for Clunkers worked. That must really piss off all the Obama haters on the board here.
beachbumCA Champion Author Riverside Posts:4,069 Points:767,500 Joined:May 2008	Message Posted: Mar 9, 2010 10:36:03 PM Ignore beachbumCA Report Abuse That was my money Obama gave them.
Kamakani Champion Author Hawaii Posts:1,874 Points:578,065 Joined:Oct 2008	Message Posted: Mar 9, 2010 10:33:03 PM Ignore Kamakani Report Abuse Just another way to rip money from the American taxpayer.
hauler43 Champion Author Oakland Posts:4,832 Points:1,857,715 Joined:Sep 2003	Message Posted: Mar 9, 2010 10:26:22 PM Ignore hauler43 Report Abuse Maybe reinstate the Cash for Clunkers program.
Amtrgas Champion Author Oakland Posts:2,149 Points:788,010 Joined:Dec 2007	Message Posted: Mar 9, 2010 10:19:35 PM Ignore Amtrgas Report Abuse It was a good way to move the surplus inventory, and boost sales at a slow time in the Economy. Although, I thought that the incentive should have been limited to those vehicles produced in the United States.
coughlin Champion Author San Jose Posts:1,147 Points:300,275 Joined:Sep 2009	Message Posted: Mar 9, 2010 10:18:51 PM Ignore coughlin Report Abuse waynemustang wrote on Mar 9, 2010 6:47:00 PM "Why should I be taxed for someones trade in that is not mine?" For the same reason for when YOU use services that YOU don't pay for. For instance, when you use roads outside of your County or your State. THAT is one of the beauty's of Taxes: It's NOT just you putting into the pot ... it's EVERYBODY! Sometimes you use things that you don't pay for and sometimes you pay for things that you don't use .... it all pretty much washes out, or should. Besides, how much did you actually pay in taxes last year .... 20% of your income? 30%? Figure out what that was, how much that was in a dollar amount. If you want that money back because you feel you didn't get your money's worth, you're in luck. I know of some people (that live in some other countries) that will give you TWICE that amount. All you have to do is go live where they live and do what they do for a living ... and they'll come and live where you live and do what you do for a living. ALL THAT MONEY, PLUS someplace to lay your head down and work when you awaken!! No? How about for THREE times the amount? FOUR times?
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:716 Points:182,695 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!!