[Glenn]

Never saw that coming.

[George from New England]

I’ve been saying for a month now.

Everyone that was buying a new car in these next 12 months, did it last month. There will be an even deeper void in new auto sales for months to come. Why should anyone buy a new car now; just wait for the next C4C program!

[GeronL]

lol. Are they serious?

[screaminsunshine]

I would not buy any of these new clunkers with crazy prices. Union made junk.

[EGPWS]

Like many dealers across the country, the dealership in Ypsilanti Township, Mich., west of Detroit, is suffering from a Cash for Clunkers hangover, and Sales Manager Paul Grahl isn't sure when it will end.

What?

It wasn't a solid and sustaining economic fix????

Imagine that!

The dealers who have gone broke awaiting government "clunker" payback don't have to worry about it for they have are out of business financially.

[KeyLargo]

I am ready to purchase a 2010 Ford Taurus. I looked at a couple of those cars 10 days ago. However, the local dealers do not have more than one or two of them on their lots. And one dealer is charging a $2,500. premium on top of list price on a Taurus "SHO" model!

What idiots.

The people that were ready to buy already took advantage of the cars for clunkers scam.

Few people will be buying new cars now.

The same cars are still on their lots from 10 days ago, and have not been sold.

[MaryFromMichigan]

Michigan ping.

[ConservativeColumns]

You mean an unintended consequence stemming from government policy? Nooo... That never happens!

[Ag88]

Inventories will pick up in a few months when the losers who traded in their paid-for vehicles realize they’re worse off than before now that they have a huge monthly note and full coverage insurance costing them at least $600/mo more than before they visited the dealership. It’s not cash for clunkers, it’s notes & a giant insurance boost for clunkers. Wait for the repos.

673,000 cars times $600/mo in payments and insurance instead of purchasing consumer goods on an ongoing basis or buying a new house. Talk about blowback. Nothing but protectionism for the auto unions. Complete fools.

[Popman]

"We suspect it's going to be 90 days before we get back to any kind of normalcy."

I certainly love to buy a new car. I own free and clear a 99 Toyota with 248,000 miles on it and a 98 Ford Ranger with 110,000 miles on it.

Both will be maintained and run until the wheels fall off.

I would be FREAKING OUT OF MY MIND to buy a new car and saddle myself with a 50 month or more car payment in these very uncertain times.

We may have stopped the slide into recession but we certainly are not anywhere near a recovery

[kittymyrib]

Exactly the same thing will happen to realtors after the First Time Home Buyers subsidy ends Nov. 30. They better save ever nickle they are earning now, because next year, with a new tidal wave of ARMs coming due in June and July, will be another catastrophic year in housing. If you have a home to sell, better sell it now for whatever you can get, because it won’t get better than this for quite a while.

[TwelveOfTwenty]

I've searched some dealer inventories and found that many nice cars are still available, so they didn't run out of inventory. And $112,000,000 was unspent when CFC ended, so they didn't run out of money. That tells me they ran out of customers, which is what we're seeing now.