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Old 05-06-2009, 09:36 PM
 
31,381 posts, read 35,565,656 times
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Quote:
Originally Posted by karfar View Post
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.

http://www.nytimes.com/2009/04/01/bu...01refunds.html
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Old 05-06-2009, 09:38 PM
 
Location: um....guess
10,492 posts, read 14,987,574 times
Reputation: 1835
Quote:
Originally Posted by ovcatto View Post
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.

http://www.nytimes.com/2009/04/01/bu...01refunds.html
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??
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Old 05-06-2009, 09:41 PM
 
Location: deafened by howls of 'racism!!!'
45,964 posts, read 28,081,678 times
Reputation: 25176
Quote:
Originally Posted by ovcatto View Post
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.

http://www.nytimes.com/2009/04/01/bu...01refunds.html
it does make more sense to give customers financial incentives to buy as opposed to flinging cash at companies no one's buying from.

but.. what if they give these rebates, and hardly anyone uses them to buy GM or chrysler products?
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Old 05-06-2009, 11:02 PM
 
Location: Thumb of Michigan
4,493 posts, read 7,228,610 times
Reputation: 2537
Quote:
Originally Posted by ovcatto View Post
Cool!

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.
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