A good number of those cars were truly $500-$2000 cars, all commanding $3500-$4500 from the government depending upon which category it fell in. However, there were many cars that I salivated over (they were cheap), but I was unable to buy them, as President Obama and Congress had designated them for the crusher, but not before they were (usually) scavenged for stereos, tires, interior pieces, and whatever else the grubby paws of the unethical types could get their hands on. From there, liquid glass or some other engine-destroying substance was poured into the carburetor/intake while it was running to cause it to seize up and die an (un)timely death. I’m certain there were more than a few good cars killed during that “program”.Here is the Automotive News article linking to our salute to bad memories: Cash For Cars Sydney

As this article indicates, many were pleased about the results of Cash for Clunkers; new car sales made a slight rebound and for awhile, sales were good. However, what I remember was the better part of 4 months, wholesale inventory drying up, and little guys like me starved, while the junkyards and parts recyclers got rich… good for them. After all, money cannot be destroyed–whenever someone loses, another one wins. I distinctly recall believing that we were just stealing the fall/winter business in new cars and bringing it into the summer, which was just shifting revenue, not creating it. I also remember being puzzled about how this was supposed to “prop up” (maybe I’m mistaken) the U.S. Auto industry, specifically, Government, err, General Motors. If that was so, why were import car dealers such as Toyota, Nissan, Hyundai, and Kia eligible for this program? It never made sense to me. I always felt I could have gotten behind it more had it benefited the U.S. new-car industry more directly.

 

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