i see the price of cars going up at least 10K in the near future...
All ‘foreign’ car makers in the USA would file suit immediately and stop this illegal subsidy. Bankruptcy is the only option. Next problem.
The used car market is a good place to be these days.
If I could buy a car for $9,500, I might do this.
I see the value of junk car inventories at scrap yards just went up.
Yup. The used car market will temporally explode. In fact, I probably should go buy that old used car down the road for $800.00 so that I can qualify. (ahem)
I have a 99 Corrola with 160,00 miles that runs great. I can sell it to my college student daughter for a dollar, buy a new GM car, score the rebate, trade the GM car in on a new Corrola!
Sign me up!
Exactly!
Be the first on your block to own the new base-model Aveo from Chevrolet! Only $25,500.
No kidding. One needs only to look at what has happened to the price of tuition over the last 30-40 years to figure out that subsidies increase the price of whatever is subsidized. And if you aren't one of those receiving the subsidy, you are well and truly f'd.
Oh, besides the issue of where is the money going to come from? $10K x 10 million cars (over, let's say, a 3 year period) equates to $100 billion. It is far cheaper to simply give the companies $40 billion and bribe the union leaders with another $1 billion to sell out their retirees - then, at least, there will be money to retool and a permanent solution to our lack of price competitiveness.