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?