In what must qualify as a stunning surprise to someone [/sarcasm], automobile sales collapsed in the month following Cash-for-Clunkers.
General Motors sold some 156,673 vehicles in September, a slump of 45% with retail sales off 46% and fleet sales dropping 43%. Car sales were down 43% and total truck sales -- light and heavy -- plummeted 47%.40 percent plus declines in sales? Gee, who would have ever thought that would happen when you went from $10,000 off the sticker price to full sticker price? Only the buffoons in Congress, that's who.
Congratulations, Congress! You're the Wiener of the Month for September!
