Seeking Alpha Portfolio App for iPad
Dividends & Income
real-time news and commentary for investors
Friday, Aug 7
2009, 10:38 AM
President Obama signs the additional $2B in clunker funds into law. The AP has a look at what...
President Obama signs the
additional $2B in clunker funds
into law. The AP has a look at what the
condemned cars can expect
on their death row.
Share this Market Current with a colleague
Track new comments on this story
This news story has 5 comments:
Author's Picks (
Register or Login to rate comments »
The "condemned cars," most of them, will be on the road within 2 months.
7 Aug 2009, 10:52 AM
I always knew we could prove that a Government run car industry (i.e. Government Motors) could survive if we could just throw enough fresh printed free cash at the car market.
This will cream the Used Car Wholesale book value for years to come. Too many artificial sales. Not to mention the sales crash when the free cash give-aways stop coming.
If you are planning to sell your older car in the smaller hi-fuel economy class, forget it. The market will be thrashed out and DEAD by late fall. Gas Guzzlers will not be affected, unless gas goes to 4 bucks.
7 Aug 2009, 11:02 AM
six months from now the repo man won't be able to keep up
7 Aug 2009, 11:08 AM
wish I was one of those old farmers that has 20 old cars out in the back 40.....I would bring em all in and get the money..better than the $35 junk amount....
7 Aug 2009, 11:21 AM
I did not know GM and Chrysler are "clunkers" since the cash is an obvious give away to them. Quite disgusting!
7 Aug 2009, 11:29 AM
Load All Comments
TODAY SO FAR
S&P 500 (
The Opinion Leaders
Xignite quote data
© 2013 Seeking Alpha