“Clunk”
With the federal government’s “Cash for Clunkers” spigot turned off, auto sales plummeted in September.
Government Motors, Inc. (formerly known as General Motors) saw its automobile sales fall 36% from a month ago and 45% from this time last year. Meanwhile, Chrysler’s sales were down 42% from a year ago.
Only Ford – which didn’t take any of the whopping $65 billion in bailout funds made available to Chrysler and GM – saw modest losses, with its September sales down just 5.1% from a year ago.
Hmmm … is government-run better?
And was “Cash for Clunkers” worth the $3 billion it added to Detroit’s bailout tab?
Comments
By CNSYD on October 1st, 2009 at 3:58 pm
Since we weren’t asked about whether the “cash for clunkers” program should be enacted, there is one proviso that should have been in it. All VIN numbers of purchased vehicles should have been required to start with the number “1, 4 or 5″. At least these cars would have been made in the USA.
By Liberty for Me on October 1st, 2009 at 7:05 pm
I will never buy a Government car and I think others feel the same.How else would you explain Ford holding a higher sales level?..My next truck will be a Toyota…Its actually is probaly the best way to support other southern workers.
By CNSYD on October 1st, 2009 at 8:32 pm
Toyota. The car brought to you by the same people who brought you Pearl Harbor and the Bataan Death March.
By penske on October 1st, 2009 at 8:59 pm
Obama’s/Soros’ plan to destroy our economy is working just beautifully!
Soon the dollar will be worth nothing!
We will be forced to adopt a new, international currency and thus be subject to the dictums of European courts.
Congrats, Soros!
Congrats, you old Nazi collaborator!