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Paul Taylor, Chief Economist for the National Automotive Dealers Association, had the following observations: At $4/gallon gas people looked at more economical versions of the same vehicle rather than going down in vehicle size—they continue to buy cars that meet their needs. Cash for Clunkers. —Bill Cooke.
Well, America’s autoindustry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the autoindustry will be building more efficient new vehicles. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program.
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