[sempergumbi]

Used Hondas and Toyotas did not depreciate 2010-2013 because the Cash-for-Clunkers débâcle reduced the supply of used cars, keeping up their price.

The suggestion that destroying operational vehicles would be a net gain for the economy is an excellent illustration of the broken window fallacy.

Cash-for-clunkers helped middle and upper-middle class people, including some friends of mine, who wanted to buy new cars. The cost of the program was born mostly by poor people, as is often the case.

[cpursley]

Don't you just love central planning? It's always the poor that it hurts the most.