Hey! That's what I said!

Didn't I say this just last week?

Five Reasons 'Cash for Clunkers' is a Joke - Steve Siler

junker bill passes

Good Morning
How do you feel this morning about giving our money away in the form of vouchers for 3500 to 4500 dollars for trade ins?Maybe Mr. Obama should take the billions of dollars he is going to fund this fiasco with and invest in better technology for greener cars. I for one think that THAT would stimulate new car sales. A car or truck that would consistantly get 40-50 mpg,yeah thats the ticket!!! How rediculous is it that you can get 3500 for upping you gas mileage 2 mpg on an SUV or 4500 if your new SUV gets 10 mpg more? So, if you are driving and old suburban that gets 8 miles to the gallon and you get a new one that gets 11 mpg you get 3500!! It doesn't matter if your old suburban was ready for the junkyard and had 250,000 miles on it , you still qualify! Kinda sad dontcha think. Worse is that we the taxpayers and ultimatly the ones who are paying for these vouchers are letting it happen and have no say in the matter.
When was the last time you bought a new car? Maybe you didn't because you had college tuitions to pay for, or student loans or just getting by day by day and had to patch the old girl together just one more time. Where are the incentives for used car sales? I guess Mr. Obama can't think past New Car Sales even though used car sales and dealers are part of the make up of the automobile industry.

So now what?

Now that the government has taken control of GM, what happens next? It's kind of interesting that Obama can push for incentives to make people buy new cars now that the government is in the car business!!! Why wouldn't he? Afterall if you are in business you strive to create sales don't you? How come he couldn't do that BEFORE the gov. took over? Just wondering. So, only if you are interested in buying a NEW car can you get clunker money (up to 4500. dollars!!) The dealer that trades the so called clunkers are supposed to destroy them. At whose expense? What happens to all the cars on the market that qualify as clunkers but are really just good used cars? How about if we have the Government make a deal with Mexico and points south, Russia, and other emerging countries to buy the "clunkers" ? They obviously don't care about pollution so maybe obama can get some of OUR money back that he so generously wants to give away. Just a thought. Finally, how about if there is incentive money to buy a better fuel economy USED car? Oh, i'm sorry THAT won't work, it doesn't stimulate New car sales and help Obama Motors.

The State of the Used Car Industry

I find that a lot of people are confused about the state of the used car industry and in particular pricing and availability. Because the new car dealers are not selling as many new cars as they used to, they are selling more used cars then ever. When they take a car in on trade that they normally would have wholesaled at auction or to any number of used car dealers they are keeping it if it's any good at all. Unfortunatly, what then happens is, there are less quality used cars available . Not only are the used car dealers trying to buy these cars at auction, but the new car dealers as well. This drives the market like nothing else. Pure and simple supply and demand. Interestingly enough, the banks,finance companies and marketing companies such as Kelly Blue Book and Edmonds have not adjusted thier values to coincide with the market trends. As a result people who are trying to be informed buyers by using these tools are actually misinformed