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FORD MOTOR CO (F) 8.64 red arrow -$0.09 (-1.03%) 04:31AM (15 mins delay)


Cash for Clunkers: Here Comes the Hangover

Nov 02, 2009 - 11:35 AM EST

Mark J. Perry submits:

"Cash for clunkers" might have "juiced up" new vehicle sales and provided some initial and temporary stimulus to the economy, but there are some secondary costs now surfacing in the "hangover" period:

1. Shortage of cheap used vehicles and rising prices (see chart above).


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Source: Seeking Alpha (Nov 02, 2009 - 11:35 AM EST)



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