Just how much help was Cash for Clunkers for automakers and America? A new study by The Maritz Automotive Research Group suggests that the Cash for Clunkers program may have been more successful than first thought.
Cash for Clunkers — which spent about $2.8 billion in incentives on about 690,000 cars sold last summer — has been criticized for costing too much and having too stringent of guidelines about what cars could be traded in. Still, Ford and GM sales are up, as are car sales as a whole, so maybe all that hubbub about robbing from “future sales” wasn’t all that accurate.