Here’s the deal. They did the same trick in Germany...a vehicle 9 years old or older, that you’ve owned for minimum of twelve months....you got $3250 to crush it (nothing less than a crush is acceptable). Each person gets one chance to do this. So a husband and wife can do this. The catch is that the new car has to be German-made.
So now we turn and look at this possible US deal. Here’s the big problem. As much as Ford, GM and Chrysler really want this deal to occur...what about other companies...like Honda, who makes a car in the US? If you open up the floodgates....over half the people will run to Toyota, Hyundai or Honda....which doesn’t help the big-three. I’m guessing that there serious legal implications if they try to limit this to Ford, GM or Chrysler.
But here are the other issues. We have a used part industry which really needs to use the option of reeping parts off the old cars. The rule will be a crushing and likely nothing less than that.
I will make this comment as well...in recent days in Germany...several statistics folks went out and found that 90 percent of the folks who did the junker deal...were going to buy a new car anyway. So this only changed the minds of ten percent of the folks. Another issue is that almost everyone in Germany has bought what they want...so from June on...for the rest of the year....I expect almost no sales....so this will go real flat shortly.
Any possibility you could post a link to the part about the 90%/10% stats? TIA.