Hi Larry,
I also enjoyed your cash for clunkers article. This is in response to the comment you posted in the last blog. Someone mentioned "selling" all the clunkers causing sales of auto parts for repairs. My understanding was the opposite. All the cars had to be destroyed, thus less sales of auto parts and fewer repairs.
Conner
Conner, you are correct - they did have to be destroyed. We have yet to see the total impact. As you know, most of the sales were foreign cars. Thanks for your kind comment.
Larry Kopsa CPA
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