I just watched a YouTube video that discussed the Chinese government is providing subsidies for New car purchases causing used cars to be worthless.
In the video, there was talk from 30-50% subsidies for cheap to BMW. It said a new car from 150000 to down to 65000.
Do you think, in a way to stimulate the US car sales, could the government try it out for low income citizens or improvements to the bad domestic truck sales?
Thank you
Marlowe
Goleta, CA
What an amazingly terrible idea.
Sure, why not? After all, subsidies are working out so well for the banks! {pear}:laughingoutloud:
Seriously, you couldn’t possibly come up with a better way to destroy what is left of the auto industry. Like they say, if the government subsidized the Sahara Desert, in 10 years they’d run out of sand.
I have a better idea... let people keep their own money and use it to buy whatever vehicle they decide for themselves.
(PS: I don’t mean to criticize a new member; you are certainly, sincerely welcome here. But posting a political question on a nonpolitical forum is always going to trigger an unfriendly reaction.)
Also, it’s already been done: 2008 “cash for clunkers”. Later analysis showed it had no positive long term effects.
Well they're really subsidizing. All the stupid electric cars are trying to sell somebody so it wouldn't surprise me. The corporations love it when government gives the money
Subsidies are a huge mistake. It messes with market supply and demand in the long run. Sure, we might get cheap cars in the short run, but it does more harm than good in the long run.
