Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Apparently they've been doing this program in Europe, I forget what specific countries, but it's been a success.
The plan has exceeded expectations. Car sales are now running at an annual rate of more than 13 million because of the subsidies, according to Stuart Pearson of Credit Suisse, well above the 11 million level where they started the year.
“It seems like an obvious thing to do in the U.S.,” said Mr. Pearson, adding that the average American car has been on the road for roughly nine years. “Rather than just giving companies cash to burn, it does keep people employed and stimulates demand.”
Mr. Pearson predicted that if Washington were to emulate the plan in Germany, where the age of the total national fleet is similar to that of the United States, auto sales might rise to 12 million cars. That is well below the 16 million sold in 2007 or even the 13.4 million sold in 2008, but far better than the current 9.5 million rate.
The plan has exceeded expectations. Car sales are now running at an annual rate of more than 13 million because of the subsidies, according to Stuart Pearson of Credit Suisse, well above the 11 million level where they started the year.
“It seems like an obvious thing to do in the U.S.,” said Mr. Pearson, adding that the average American car has been on the road for roughly nine years. “Rather than just giving companies cash to burn, it does keep people employed and stimulates demand.”
Mr. Pearson predicted that if Washington were to emulate the plan in Germany, where the age of the total national fleet is similar to that of the United States, auto sales might rise to 12 million cars. That is well below the 16 million sold in 2007 or even the 13.4 million sold in 2008, but far better than the current 9.5 million rate.
I see no reason why this program can't be a success here, who wouldn't want to get cash to go towards a newer more fuel efficient car for their beater car??
The plan has exceeded expectations. Car sales are now running at an annual rate of more than 13 million because of the subsidies, according to Stuart Pearson of Credit Suisse, well above the 11 million level where they started the year.
“It seems like an obvious thing to do in the U.S.,” said Mr. Pearson, adding that the average American car has been on the road for roughly nine years. “Rather than just giving companies cash to burn, it does keep people employed and stimulates demand.”
Mr. Pearson predicted that if Washington were to emulate the plan in Germany, where the age of the total national fleet is similar to that of the United States, auto sales might rise to 12 million cars. That is well below the 16 million sold in 2007 or even the 13.4 million sold in 2008, but far better than the current 9.5 million rate.
I knew I was saving my barely running Jeep for something ($2,500) for a new car that we wouldn't have bought without it.
Ford (never thought I would be saying that name) here we come, don't disappoint us!
I may be wrong, but i don't think Ford Motor Co. is partaking in this program.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
