tag:blogger.com,1999:blog-2807403883562053852.post2984408852103979716..comments2024-03-27T08:40:31.785-06:00Comments on Clayton Cramer.: What A Surprise: Cash For Clunkers Was Not Very EffectiveClayton Cramerhttp://www.blogger.com/profile/03258083387204776812noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2807403883562053852.post-3009962706230732262013-10-31T07:18:30.143-06:002013-10-31T07:18:30.143-06:00" ... the “Car Allowance Rebate System,” or C..." ... the “Car Allowance Rebate System,” or CARS did little to boost employment."<br /><br />No, but it's a great acronym! Somthing Godel-esque about it.asdfhttps://www.blogger.com/profile/10270615751004712276noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-85314399643141029412013-10-30T23:39:20.599-06:002013-10-30T23:39:20.599-06:00A week or so ago I saw a graph on the average age ...A week or so ago I saw a graph on the average age of registered cars and light trucks registered in the US.<br /><br />The average age of vehicles on the road has been increasing by 2 to 3 months a year every year for the last 15 years, or by about 1 year every four to five years.<br /><br />Cash for clunkers did not bend that trend line at all, and yet it has had a vastly noticeable effect on the price of used cars. What I'd like to see is year by year histograms of car age. I suspect that there will be interesting stuff in the change between years in age distribution.<br /><br />Remember for every car removed from the market in the program, there was a new car sold. So while two-thirds of a million cars of varying age were permanently removed from the market, there was a counterbalancing burst of brand-new car registrations in that July and August. Now, I suspect that nearly all of those purchases would have happened anyway, but not within the subsidy program months, so they were vampired from sales in subsequent months and years. In effect we have say 5% to many 2009/2010 model year cars compared to the "normal" distribution pattern of previous and subsequent years.Douglas2https://www.blogger.com/profile/11290012200563917585noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-71689466752847637372013-10-30T17:39:48.278-06:002013-10-30T17:39:48.278-06:00Yeah, I saw plenty of still usable with life in th...Yeah, I saw plenty of still usable with life in them vehicles sitting in the lots of the car dealers waiting to be destroyed (they had to ruin the engines). As someone who's newest car is a 1993--I can't afford a new car on my Obama economy lower salary--I definitely hated that program!!!!whttps://www.blogger.com/profile/10067896665279403979noreply@blogger.com