Obama: Cars are bad, M’kay?

Obama’s new fuel economy standards will keep millions of people from buying new cars.

“If the price of a vehicle goes up by the government estimate of almost $3,000,” says David Wagner, an analyst for the NADA Used Car Guide, “millions of people will no longer be able to finance a new vehicle.”

Cash for clunkers made used cars more expensive and now new fuel economy standards will make new cars more expensive.

“The government’s 2017-2025 rules aren’t yet final, and Grenhaus and NADA suggest the Obama Administration and NHTSA study the impact the rules will have on buyers before moving forward. “

I’m sure the Obama Administration knows exactly what the effect on buyers will be. It’s all part of the plan.

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4 Responses to Obama: Cars are bad, M’kay?

  1. Rignerd says:

    Fewer people having cars is a feature, not a bug. there is no down side for the .gov.
    1. Forced on to mass transit, utilization and profitability on the near horizon.
    2. Control and dependance increased.
    3. Less pollution from single user vehicles, Gaia will bless us all.
    4. Might be able to use electric trains powered by renewable sources, (the environmental trifecta = light rail + Electric + renewable energy.)
    5. Green jobs building all the light rail, solar, wind turbines.

  2. karrde says:

    This really frosts me.

    I make a living by working on electronics/software that are sold to Auto Companies.

    Each part has an estimated part-cost, based mostly on units-sold, which is based mostly on the OEM’s prediction of how many cars they will sell with that feature.

    (It’s a business…but interruptions, like CAFE hikes or the 2008 crash in cars-bought-on-credit, can mess things up. Sometimes the mess is small, sometimes it is big.)

    I’ve already seen the effects of the spike in the used-car market.

  3. karrde says:

    …to finish my thought, I don’t like the oncoming hurt to the new-car market.

    Doesn’t Obama want the Detroit 3 to succeed?

  4. Ted N says:

    Success is not progressive.

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