Archive for August 27th, 2014

Federal Clunker Program Cost Lots of Cash


Wednesday August 27th, 2014   •   Posted by K. Lloyd Billingsley at 7:07am PST   •   1 Comment

“The 2009 federal Cash for Clunkers program is often hailed as a success because it jump-started new-vehicle sales,” notes Kathleen Pender at sfgate.com, “but a new study says it actually cost car dealers $3 billion in lost revenue because its fuel-efficiency requirement caused people to buy cheaper cars than they would have otherwise.” The new...
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