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Aug 5, 2009 - There Is No Such Thing As Free Bird Seed

The Road Runner could always right through the "Free Bird Seed" signs and avoid the various ACME traps that Wile E. Coyote set up for him.

Why aren't we as smart as that?

The Vice President is calling cash for clunkers "an unqualified success". If you ignore the consequences of the program and think you've scored political points by giving away money we don't have you might think that. But questions are arising.

Jeremy Anwyl, CEO of Edmunds.com, noted that August is typically a hot month for auto sales because bargain hunters search for deals on outgoing model year vehicles as car dealers clear out their lots to make room for the new models.

The frenzy created by the program could simply lead to car shoppers concentrating their efforts in the summer and staying home when the new vehicles hit the showrooms in the fall.

"With clunkers, you've taken about four to five months of business and you've pushed it into a matter of days," Anwyl said. "I think we could see a real drop in sales activity after mid-September moving into October."

At least somebody is as smart as the Road Runner!

Read the entire AP story

2:42 am | Categories: automotive news, legislation Permalink | Alert Administrator

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