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White House Charges Edmunds.com Got It Wrong on Cash for Clunkers
by Auto Observer on October 29, 2009
The White House and Department of Transportation claim Edmunds.com got it wrong in its Cash for Clunkers analysis released Wednesday. That analysis shows each incremental sale from the government's Car Allowance Rebate System (CARS) program — sales that wouldn't have occurred without the program — cost taxpayers $24,000. Here's what the White House blog had to say Thursday in an item entitled: Busy Covering Car Sales from Mars, Edmunds.com Gets it Wrong (Again) on Cash for Clunkers :
Original post:
White House Charges Edmunds.com Got It Wrong on Cash for Clunkers
Tagged as: cars, Cash for Clunkers, Deutsche Bank, GDP, Honda, Moody's, White House