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Wednesday, August 5, 2009

Cashn for Clunkers may hurt the used car biz

This story in today's Spokesman Review is very interesting. I wonder if the used car folks are serious about this or just bellyaching because sales slowed a bit since the cash for clunkers program kicked in. It worries me to think that a lot of perfectly good vehicles will be destroyed. Those are usually the cars I buy because I commute to Spokane everyday. I carpool with my wife and ride my bile as much as possible, but still I rack the miles fairly quickly, so buying new just doesn't make sense for me.

Does this unintended dynamic concern you?

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