Late numbers on clunkers

This issue has been reported on, on more than one occasion on this blog:

Remarks:

Source: http://money.cnn.com/2009/10/28/autos/clunkers_analysis/index.htm

Clunkers: Taxpayers paid $24,000 per car

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Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales.

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NEW YORK (CNNMoney.com) -- A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Edmunds.com.

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The Cash for Clunkers program gave car buyers rebates of up to $4,500 if they traded in less fuel-efficient vehicles for new vehicles that met certain fuel economy requirements. A total of $3 billion was allotted for those rebates.

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