Cash For Clunkers 1
Originally uploaded by 1bluecanoe
The Cash For Clunkers Government program that gave customers $3500-$4500 for their old cars to buy new ones is officially over and here is what is left. A heap of Scrap Iron heading overseas, most likely to Japan.
It was a program that increased sales during the program period, but we are now dealing with a Clunker Hangover. Everyone that had thought of purchasing a car in the near future, did. Now everyone is looking for cheap cars and there are none, driveable anyway.
The program cost the Government Billions of dollars and was a huge success, I guess, but what do we do now. Do we wait on the next big rebate, the next new hot car, or do we go about business as usual?
Customers are definitely in the drivers seat right now. They have all the bargaining power and Car Salesmen are at the mercy of taking crazy offers. The car business has always went in cycles and normal business will return, but will it be soon enough to save starving dealers? Only time will tell.
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