Peope are servicing and keeping their older vehicles.
That’s why it’s a good time to be an auto mechanic.
Don’t worry. Economics will take care of that, too. When people are strapped for cash, they’re not going to automatically go to the dealership to get raped by their in-house labor charges.
It will be great for private mechanics, without a doubt.
We had a large Chevrolet dealer here in Tampa shut down a month or so ago but keep the service part of the business, and the body shop, open.
Maybe the government should use the bailout money to buy several hundred thousand new cars from the Big Three, then raffle them off. The cars could be apportioned to the states based on population, like the House of Representatives and tickets would sell for a couple of dollars or so. I would think the Big Three would give them a good price on unsold, and not likely to be sold, cars.
People who are driving around in old junkers creating lots of pollution and using lots of gas would be able to spend a few bucks and maybe end up with a new car. The money the raffle raises would go to pay back the government for the money used to buy the cars in the first place.
I know the downside to this is huge, but they’ve got to do something with those hundreds of thousands of unsold cars!