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Data analysis of the government's Cash for Clunkers program is beginning to surface. That analysis, coupled with some not too impressive projections, is beginning to paint a murky, if not dismal, picture of the auto industry's future. I read an excellent break down of the data, which was provided by Michelle Krebs via Edmunds Automotive Network.
First off, some analysts are claiming that while the Clunkers program did boost auto sales for the month of August, those sales were most likely moved forward on the calendar by auto buyers who were already contemplating a purchase. The supposition is that these consumers simply bought earlier to reap their government vouchers (you're welcome). Dismal September sales numbers are being projected for auto makers.
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