Sunday, August 9, 2009

Why Cash for Clunkers (aka the CARS Program) is a mistake! (Part 2)

Yesterday's focus was on the direct consumer aspects of the Cash for Clunkers (aka the CARS Program) how how expensive it really is to leverage the program.

Today's segment is on the impact of the program to the secondary car market. You can read more about why this program is a failure, specifically in terms of the market economics.

Jody