Boo Radley
DP Veteran
- Joined
- Dec 20, 2009
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in general the effects were temporary in both directions for new cars - the C4C program pulled all of the buyers into the time period it was available, and sales crashed afterwards. the price of older cars spiked during the same time period for the same reason that there was a $4,500 floor pushing prices for them up. at this point, however, the only increase in used vehicles will be because of decreased supply from the destruction and increased demand due to a continued slump of an economy (times are tough, people buy fewer new cars) thanks to an administration that thinks the solution to our ills is things like Cash For Clunkers.
Then it seems quite irrelevent.
BTW, bought a 2001 Volvo yesterday for $3900.