Did the "Cash for Clunkers" scheme work?

Work for what? Did it get higher gas burning cars off the road? Sure. Did it help the economy? Of course not. In fact, it caused harm.

First, it took 1.1% of the cars in America off the road and out of the marketplace. More specifically, it took 650,000 (most low priced used cars) out of the marketplace. That decrease in supply will translate to an increase in cost. Thus, all you people struggling to make ends meet, but are in need of a car, will now have to buy a new car or pay more for a used car.

Second, the program had a minimal affect on long term sales. Dealers sold many cars during the program, but most of those sales were to people who planned to buy in the next few months anyway.

Only to a limited amount. It moved some car buying forward that otherwise wouldn't have occurred until later. It didn't stimulate the American car industry other than Ford. Most of the new vehicles purchased were foreign brands.

No it did not.
And by the way the average cost to the taxpayers was $24,000.00 per vehicle replaced in the cash for clunkers program.
Bludgeoned and raped again...

http://newsbusters.org/blogs/julia-seymour/2009/10/29/edmunds-says-program-cost-taxpayers-24-000-clunker

It benefited foreign companies more which was not supposed to happen.

I don't know. Different sides will give you different stories. So far, it seems that the most common story is that it did help, but not quite as much as was hoped for.

nope.. and its really annoying.. why do people trade there crap and why the fuck do people buy it! i mean seriously...

In a way. It did increase sales, but I hated to see some of those nicer cars get crushed. And now sales are pretty much back in the toilet again.