Video: Used Car Prices Up 30% as ‘Clunkers’ Program Disrupts Supply

http://www.cardealerreviews.org/?p=116466 ^ | 8/18/2009 | video

[wrrock]

Used Car Prices Up 30% as the government CARS program disrupts supply for used cars. Results: Poor people have trouble finding decent cars and the larger economy will suffer. Watch Video: http://www.cardealerreviews.org/?p=116466

[CodeToad]

Law of Liberals.

[magellan]

Poor and minorities hardest hit.

[GeronL]

Small dealerships that relied on income from trade-ins being sold are likely hardest hit

[Dallas59]

Let the poor ride the bus!

[Sparko]

“Used Car Prices Up 30% as the government CARS program disrupts supply for used cars. Results: Poor people have trouble finding decent cars and the larger economy will suffer.”

Gosh!

This is such and unexpected terrible news for the poor, the minorities, and the illegals.

Just WHO exactly could have predicted this? I know I didn’t.

And certainly not the eggheads at Congress and the White House. I know they pored over every possible detail and potential outcome of the Cash For Clunkers program. But this was never foreseen.

[Domandred]

Seems to me a bunch of people (mostly conservatives) were warning that this very thing would happen.

[HollyB]

Someone needs to give these Harvard and Princeton graduates an economics course.

[Graybeard58]

Let the poor ride the bus!

Let 'em walk. I don't have to subsidize that.

[Ben Mugged]

The law of unintended consequences strikes again.

[Dixie Yooper]

How many more months before Obama and Congress try to bail out those who bought a new car under the Cash-for Clunkers program and can't make the payments???

[Mr. K]

Imagine that... who could have foreseen THAT coming????

[model B]

My father just told me yesterday — he has an ‘07 Chrysler Town and Country on which the lease is up in September. Buyout is around $13.5K. Used ‘07s are listing for $17.5 to $18K where he’s at now due to lack of inventory.

[dirtboy]

And certainly not the eggheads at Congress and the White House. I know they pored over every possible detail and potential outcome of the Cash For Clunkers program. But this was never foreseen.

It gets better. When the Senate was considering the legislation to add two billion to the Clunkers program, Tom Coburn proposed an amendment that would allow the donation of the trade-ins to charities or the poor. Just about every Dem voted against it. That should be a good wedge issue in 2010.

[radiohead]

Man, Obama is just making my policy class for next term. I won’t even have to make a syllabus, just tell the class to turn on the news and pick a story! So many policy failures, so little time. : )

[ryan71]

BWAAAAHHHAAAA!

[1000 silverlings]

Well now we’ll be forced to buy them Chinese cars so they can go pick up the welfare check

[Buckeye McFrog]

Bingo! They WANT the poor on public transit (and will eventually work their way up the food chain to get all the rest of us)

[massgopguy]

That’s the plan. Obama said he wants America off oil by 2020. He is the anti-Henry Ford.

[Buckeye McFrog]

of course, all of the demand is being front loaded, and if C for C is not renewed we may see prices for ALL cars, new and used, collapse in the 4th qtr.