On 11 aug., 11:57, "Shhhh! I'm Listening to Reason!"
wrote:
On Aug 11, 12:38*am, Clyde Slick wrote:
On 10 aug., 20:53, "Shhhh! I'm Listening to Reason!"
wrote:
As when they are against poor people, like with clunker junker.
that is a giveaway program helping thoe rich enough to afford a new
car, against
those who are not well off enough to buy a new one.
Niow we have taken hundreds of thousands of viable but inexpensive
used vehicles off the market, making it harder and more expensive for
the lower classes to find a good used vehicle.
Its those nasty unintended *consequences again!
Do you have any data to back up your claim? I found this:
I have something you don't have, common sense.
Data usually usurps "common sense".
It just happened
effects will take time to measure
If you crush 750,000 cars in regard to this program,
a good number of them will be otherwise viable cars.
they are crushed rather than exposed to the market for resale.
that is a lot of viable cars in the $2,000 TO $4,500 range
that can't be resold. the laws of supply and demand have not been
suspended.
This makes harder to locate a good cheap car, it raises
the price of them, and it hurts poor people.
N
It just happened.
Anyway, I will borrow your data about
]the death of used rental cars hitting the]
used market, and that it drove up proces of used cars.
samr thing when theswe cars are held off the market
in that paticulr range, prices will go up, and it will effect
adjoining ranges, as well
to some degree.
You don't get to claim a hypothesisis true without it. That's how it
works.
The stats you offered are all meaningless.'They wer compiled before
clunker junker, and reltate to
ALL used car sales and within PREVIOUS periods.
Which showed increasing prices and lowered supply BEFORE the program.
As I said, correlation does not equal causation
And the data on used renatl car sales are at the high end'of the used
car market, while
the clunker junkers areat the low end.
The volume of used cars sold through dealers rose 3.1% in February
compared with last year, the first year-over-year increase in 12
months, reports CNW Marketing Research. By contrast, new car sales
slid 41.4% in February from a year ago.
Wholesale used car prices have risen steadily since October, including
a 1.1% rise in February compared with January, says Tom Kontos, chief
economist for Adesa Analytical Services, though they remain lower than
in February 2008.
http://www.usatoday.com/money/autos/...ar-sales_N.htm
And this:
Used car prices have risen about 5% on average in the last year, says
Tom Webb, economist for Manheim Consulting, a branch of a major used
car wholesale operation. Fewer new car sales have meant a drop in
recent-model trade-ins. Car rental companies also have reduced supply
by cutting their fleets. That's resulted in fewer castoffs for used
car lots.
http://www.usatoday.com/money/autos/...clunkers_N.htm
Totally irrelevant garbage, to the issue at hand.
Oh, the fact that demand for used cars had already been increasing and
a lower supply makes no difference? I thought you just mentioned it.
My bad. LoL.
the law of suppluy and demand has been exhibited countless
times, day in, day out.
I can't help it if you
refuse to accept that
it is SO SIMPLE,
but you won't accept it
restricted supply = price increase