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What Cash for Clunkers did to the car market
Posted on 3/7/26 at 10:18 pm
Posted on 3/7/26 at 10:18 pm
8 minute video
It brought along the destruction of the most reliable analog vehicles ever made.
700,000 running vehicles were destroyed. By law a vehicle turned into the program had to be destroyed. It could not be resold. It could not be parted out. Liquid Glass was poured into the engine to destroy it.
Which screwed up the used car market.
Loading Twitter/X Embed...
If tweet fails to load, click here. It brought along the destruction of the most reliable analog vehicles ever made.
700,000 running vehicles were destroyed. By law a vehicle turned into the program had to be destroyed. It could not be resold. It could not be parted out. Liquid Glass was poured into the engine to destroy it.
Which screwed up the used car market.
20
Posted on 3/7/26 at 10:19 pm to boxcarbarney
And now GMT400s are outrageous.
Thanks, Obama.
Thanks, Obama.
Posted on 3/7/26 at 10:21 pm to boxcarbarney
Modern vehicles statistically more reliable than those 20+ years ago
Posted on 3/7/26 at 10:23 pm to boxcarbarney
That program sucked.
I have two rides from '95 and '00, both still run.
I have two rides from '95 and '00, both still run.
Posted on 3/7/26 at 10:23 pm to boxcarbarney
As much nostalgia as I have for some 90s cars I recently drove a 95 silverado that had been restored pretty well and those 30 year old trucks really drive like shite compared to ones of today
Posted on 3/7/26 at 10:24 pm to UltimaParadox
quote:
Modern vehicles statistically more reliable than those 20+ years ago
True but when modern cars have issues they are much more complicated/expensive to fix
Posted on 3/7/26 at 10:24 pm to boxcarbarney
I have seen that video about 4 times today…where did it come from?
Posted on 3/7/26 at 10:25 pm to boxcarbarney
i hate AI monologues
3 point 8 0 0 engine? WTH is that?
Makes me skeptical of what else is said.
but the premise is correct, cash for clunkers was a disaster
3 point 8 0 0 engine? WTH is that?
Makes me skeptical of what else is said.
but the premise is correct, cash for clunkers was a disaster
Posted on 3/7/26 at 10:33 pm to TigersnJeeps
quote:
The Economists' Voice reported in 2009 that for each vehicle trade, the program had a net cost of approximately $2,000, with total costs outweighing all benefits by $1.4 billion.[55][56] Edmunds reported that Cash for Clunkers cost US taxpayers $24,000 per vehicle sold, that nearly 690,000 vehicles were sold, and that only 125,000 of vehicle sales were incremental. Edmunds CEO concluded that without Cash for Clunkers, auto sales would have been even better.
quote:
A 2017 study in the American Economic Journal found that the program, intended to increase consumer spending, reduced total new vehicle spending by $5 billion. The researchers found that because tax incentives could only be used on fuel-efficient vehicles, and because fuel-efficient vehicles tended to be less expensive than other vehicles, the program shifted purchases to less expensive cars and reduced overall consumer spending
Most Popular "Clunkers"
1 1995–2003 Ford Explorer/Mercury Mountaineer 46,676
2 1996–2000 Chrysler/Dodge/Plymouth minivans 23,998
3 1993–1998 Jeep Grand Cherokee 20,844
4 1992–1997 Ford F-150 20,222
5 1984–2001 Jeep Cherokee 18,329
6 1988–2002 GM C/K pickup 17,202
7 1995–2005 Chevrolet Blazer 15,668
8 1999–2003 Ford Windstar 12,157
9 1991–1994 Ford Explorer 11,612
10 1994–2001 Dodge Ram 1500 8,103
Posted on 3/7/26 at 10:35 pm to UltimaParadox
quote:thanks slo
modern vehicles statistically more reliable than those 20+ years ago
Posted on 3/7/26 at 10:41 pm to UltimaParadox
It isnt about reliability, they pulled perfectly good vehicles out of the used car market. This caused a price increase in used cars. Then they mandated backup cameras, more cost to the consumer. Government can do one thing right, frick things up that they say they are trying to fix.
Posted on 3/7/26 at 10:41 pm to boxcarbarney
1-877-Kars-4-Kids
Posted on 3/7/26 at 10:45 pm to SidewalkTiger
quote:
5 1984–2001 Jeep Cherokee 18,329
One of the toughest vehicles ever made.
Posted on 3/7/26 at 10:51 pm to boxcarbarney
I thought you were talking about Cars for Kids. 1 877 kars 4 kids, donate your car today!
Posted on 3/7/26 at 11:23 pm to UltimaParadox
quote:
Modern vehicles statistically more reliable than those 20+ years ago
Now do cost/mile driven
Posted on 3/7/26 at 11:32 pm to boxcarbarney
This is where all the old Ford explorers and Taurus went. Those were super reliable and you don't see them.
Posted on 3/8/26 at 12:00 am to Napoleon
quote:
Taurus
The early 90's Taurus had a good chance of a crappy transmission. I think you wanted the Canadian sourced one. They would eat the planetary gear.
Posted on 3/8/26 at 12:41 am to boxcarbarney
The way Obama fricked us with cash for clunkers isn’t talked about enough
Posted on 3/8/26 at 3:57 am to The Boat
quote:
way Obama fricked us with cash for clunkers isn’t talked about enough
Besides ruining the used car market, how else did it (not that it isn’t in itself isn’t enough)?
Posted on 3/8/26 at 4:27 am to boxcarbarney
I clunked a 94 Firebird Formula that took replacing the serpentine belt every 35,000 miles for a Honda Civic. Never looked back. Traded the Civic for an Accord. 160,000 miles now
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