Edmunds.com Reveals Mysteries with Government Clunker Data

Auto Remarketing ^ | 09/04/2009 | Jennifer Reed

[fiscon1]

On Thursday, Edmunds.com pointed out what it sees as inconsistencies with the government's Cash for Clunkers statistics. One of the reasons the company delved into these figures is because it says there was an unprecedented range in analysts' sales forecasts.

[Parley Baer]

I find it hard to believe that Obama’s government figures to not add up. sarc

[Leisler]

"From an economic standpoint, how many of the clunker trades resulted in sales that wouldn't have occurred otherwise? Or did it merely pull from behind and pull from future naturally occurring sales. If it did produce incrementally higher sales, what was the cost per vehicle to shareholders?" Krebs said.

"Even more important, sorting Cash for Clunkers data is important for forecasting going forward. Analysts, including those at Edmunds.com, auto companies and other forecasting firms, are trying to determine what is the true underlying demand for vehicles by retail customers, excluding the clunkers program and what is the trajectory of vehicles going forward." Krebs continued. "For automakers, dealers and suppliers, such information is critical for planning their businesses — for automakers scheduling factory production and ordering parts from suppliers and for dealers managing their inventories."

3 billion dollars for how many more cars??????.

Minus cost to the economy of good used cars pulled out, shortage of used engines, transmissions, body parts. Hits to used car dealer economy. Plus market disruption of crank dust cash for clunker binge.

Goobermnet in action.

[goodtomato]

I guess the Obamament didn’t want us peons knowing that Ford faired so well. I mean how could they? They refused to participate in the necessary auto bail out.{sarc}

[Steven Tyler]

...and 0bama wants to run Health Care(LOL)