ca$h for clunker$ @ stealership

[Brucelee]

Originally Posted by mikefocke

Ford just called back workers to start up another shift to produce more cars because they don't have enough to sell wouldn't convince anyone that the program is having a desired effect..would it?

On its face, ah, no.

That would depend on how many cars Ford sold via the program. Since BO won't release the data, we just have to guess.

Transparency. That was what was promised.

[tonycarreon]

oh my, why am i wading in...

according to dealer reports on 8/7, the total # of cars sold through the CARS program was around 220,000. on the same date chrysler reported limited supplies of some of its vehicles with patriots only having about a 7-day supply left.

gm reported the aveo and cobalt and some of the other popular vehicles were in short supply with dealers having around 466,000 cars on their lots. roughly a 70-day supply, the lowest in decades.

toyota reported supply went from 51 days to 31 days in july with the prius having 13 days of inventory.

most automakers have started ramping up production. one side-effect is that dealer incentives are down since people seem to be taking advantage of the CARS program.

"The big plus of cash for clunkers is that even if they don't buy a car today, it's getting people to think about purchasing, and that's really the first step toward any sustainable rebound in the automotive industry," Chrysler spokeswoman Kathy Graham said.

ford said it would build another 6,000 focus through the end of September, and another 3,500 escape.

"The move will contribute to Ford's third quarter production being 18% higher than the same time last year. 'I think we were surprised by the speed and the urgency with which consumers went to dealers,' said Ford sales analyst George Pipas."

ford's announced it will add overtime and saturday shifts for the focus and not close the kansas city plant that makes the escape and will boost overall production in the oct-dec period by 33%.

"Official figures from the Commerce Department showed that (CARS) helped lift US car sales by 2.4% in July, the biggest rise in six months."

[tnoice]

You know, ultimately it does not matter if the president is a democrat or a republican, it is the fact that all of the programs that President Obama and this administration have rolled out have created an immense amount of debt and perpetual debt.
When I work with a client that has an immense amount of debt and their debt is growing, there are really only a couple of ways we can clean it up. 1) cut expenditures ---- 2) make more money.
The problem with this administration is that they have no intention of cutting expenditures and have promised to make more money. How might the government make more money you ask, raise taxes. Makes a person worry about the large amount of money in untaxed investment accounts (ira, 401k, ect..) or purchasing anything in the future due to unfelt taxes (alcohol tax, communication tax, tobacco tax, tax on gambling, tax on cable television, how creative can we get?)

sorry just had to vent
:dance:

[Brucelee]

Here is why the dealers love the CFC program.

My cousin goes to trade in her 1992 Lexus. She is excited as she will get a $3500 credit from CFC.

Before this progam, the dealer would have turfed her at least that on a trade and she would have been happy.

Now, you and I get to eat the trade value via this program.

WHO is the sucker here?

Ah, US.