Potential Cash for Clunkers Revival Could Mean Big Car Deals Are Coming

MG

Moderator
People aren't buying cars right now and that has inevitably created flashbacks to 2008 and 2009, when the financial crisis resulted in a tumultuous drop in auto sales and ravaged automaker bottom lines. General Motors and Chrysler underwent bankruptcy restructuring and Ford mortgaged the farm, so to speak, just to avoid direct government intervention. Other automakers saw financial restructuring and stayed solvent, but barely. But it was the government's Cash for Clunkers program that ran from July to August 2009 that helped stimulate new-car sales and kickstart the economy—this is important, as we could see a similar policy enacted again soon.

During the current period when dealers have closed their showrooms, consumers are staying at home, and many have lost jobs and income, thoughts drift to how car sales can be encouraged again when it is once again safe to produce and sell new vehicles. A Cash for Clunkers repeat has...READ MORE HERE
 
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