Cash-for-Clunkers has failed, the Car is lost

◼ Trying to manipulate the used car market had unintended consequences. - Le-gal In-sur-rec-tion

“Cash for Clunkers” may not have fulfilled its promises to boost car sales, but it did manage to shift the market equilibrium in a way that made used cars less affordable, destroyed any incentive to splurge on a new car, and is now putting auto makers at risk for another downturn in sales.