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Edmunds.com: 'Cash for Clunkers' cost taxpayers $24,000 per car sold (GOVERNMENT FAIL)


Date: 2009-10-29, 8:52PM EDT
Reply to: comm-gxfr7-1443627711@craigslist.org [Errors when replying to ads?]


Apparently, the $24,000 figure caught many by surprise. It shouldn't have. The truth is that consumer incentive programs are always hugely expensive when calculated by incremental sales — always in the tens of thousands of dollars. Cash for Clunkers was no exception

http://www.edmunds.com/help/about/press/159486/article.html

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