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> implore the chancellor to revive a “cash-for-clunkers” scheme like the one introduced after the financial crisis. A modified "Cash for Clunkers" revival soun
by millstone 6y ago
> implore the chancellor to revive a “cash-for-clunkers” scheme like the one introduced after the financial crisis.
A modified "Cash for Clunkers" revival sounds pretty smart. My family's driving has plummeted, and now we have an extra car which we never drive. Meanwhile there's (I presume?) increased interest in the car-based gig economy. If someone were to want my 18 year old rust bucket (runs great!), I'd off it for cheap, since the insurance, registration, and its physical form are all deadweight. Then I'd buy a new car once the economy begins to recover. Why not make this dynamic part of the automaker bailout?
- nickik 6y ago"Cash for Clunkers" required you to be a new car I'm pretty sure. The problem is that there are huge amount of used cars now, and way more used cars are coming of leases. Don't expect to get much more for your old car for a while. At the same time some Automakers have access vehicles on the logistical trail that dealers don't want to take on, as they are already have to many cars. The Auto industry is gone run into big issues going forward. They are like banks and their assets are plummeting in value, specially the resale value of all those ICE cars.
- Libeste 6y agoThe car based gig economy doesn't want your 18 year old rust bucket either. The cutoff tends to be closer to 10 years old or newer.
- taborj 6y agoAs a car guy and collector of classic cars, the last cash for clunkers program was terrible. Imagine a similar program for, say, paintings. Most paintings are nothing special, but then you get the guy who trades in a Monet (which he doesn't know is a Monet), and an irretrievable piece of history is destroyed.