Comments on: State-by-state numbers for ‘cash for clunkers’ program http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 09:08:51 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: jonpublic http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235783 jonpublic Thu, 19 Nov 2009 15:31:20 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235783 @Space_Cowboy_NW Ford has a good safety reputation now, this last safety release they had a ton of models vs Toyota and BMW with zero. If you remember the problem with the Explorers came from the tires, Firestone tried to save a few cents per tire by making the metal in the tire too small. @Space_Cowboy_NW

Ford has a good safety reputation now, this last safety release they had a ton of models vs Toyota and BMW with zero. If you remember the problem with the Explorers came from the tires, Firestone tried to save a few cents per tire by making the metal in the tire too small.

]]> By: jonpublic http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235780 jonpublic Thu, 19 Nov 2009 15:28:48 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235780 @ashpelham2, the price of those older trucks have gone up because so many were removed from the road. People still need trucks to haul stuff around and there isn't an obscene number of them around anymore. @ashpelham2, the price of those older trucks have gone up because so many were removed from the road. People still need trucks to haul stuff around and there isn’t an obscene number of them around anymore.

]]> By: wunsacon http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235760 wunsacon Thu, 19 Nov 2009 14:34:16 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235760 Why break these out by state? I'd like to see it broken out by metropolitan area. The state of NJ is on average "closer" (in a few ways) to Wall Street, NYC, and Philly than the rest of NY state or PA state. Why break these out by state? I’d like to see it broken out by metropolitan area.

The state of NJ is on average “closer” (in a few ways) to Wall Street, NYC, and Philly than the rest of NY state or PA state.

]]> By: ashpelham2 http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235753 ashpelham2 Thu, 19 Nov 2009 14:21:47 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235753 It looked like every state I clicked on, people were trading either the Ford Exploder, or the Ford F150, reflecting a change in what people want to drive. Those were reasonably reliable vehicles, that depreciate very, very quickly, and were the most advantageous toward the $4500 trade in. In other words, why would I trade in my Acura TL, with 177k miles and right at the gas mileage test for "clunker-itis", when it's still probably worth $4500, maybe more, to the right sucker? Man, I'd hate to still be holding on to an early 00's Explorer or F-150. It might be paid for, but it sure has no trade in or market value. It looked like every state I clicked on, people were trading either the Ford Exploder, or the Ford F150, reflecting a change in what people want to drive. Those were reasonably reliable vehicles, that depreciate very, very quickly, and were the most advantageous toward the $4500 trade in. In other words, why would I trade in my Acura TL, with 177k miles and right at the gas mileage test for “clunker-itis”, when it’s still probably worth $4500, maybe more, to the right sucker?

Man, I’d hate to still be holding on to an early 00’s Explorer or F-150. It might be paid for, but it sure has no trade in or market value.

]]> By: KellyD3 http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235733 KellyD3 Thu, 19 Nov 2009 13:11:57 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235733 What constitutes an American car here? For example, the Toyota Corolla (figured prominently in the map) is manufactured in the USA, while the Chevy Aveo is a relabeled Daewoo from Korea. Many of the "foreign" cars are made here - to the point where the joke at Southeast Toyota (where I worked from 97-01) was that the the car with the most domestic (i.e., US) content was the Honda Accord (at least at the time). An entry from Wikipedia on NUMMI (GM/Toyota joint venture): In the past, it produced the Chevrolet Nova (1984-1988); the Geo Prizm (1989-1997), the Chevrolet Prizm (1998-2002) and the Hilux (1991-1995, predecessor of the Tacoma), as well as the Toyota Voltz, the Japanese right-hand drive version of the Pontiac Vibe. Both are based on the Toyota Matrix, which is manufactured in Cambridge, Ontario, Canada along with the Toyota Corolla. What constitutes an American car here? For example, the Toyota Corolla (figured prominently in the map) is manufactured in the USA, while the Chevy Aveo is a relabeled Daewoo from Korea. Many of the “foreign” cars are made here – to the point where the joke at Southeast Toyota (where I worked from 97-01) was that the the car with the most domestic (i.e., US) content was the Honda Accord (at least at the time).

An entry from Wikipedia on NUMMI (GM/Toyota joint venture):
In the past, it produced the Chevrolet Nova (1984-1988); the Geo Prizm (1989-1997), the Chevrolet Prizm (1998-2002) and the Hilux (1991-1995, predecessor of the Tacoma), as well as the Toyota Voltz, the Japanese right-hand drive version of the Pontiac Vibe. Both are based on the Toyota Matrix, which is manufactured in Cambridge, Ontario, Canada along with the Toyota Corolla.

]]> By: Space_Cowboy_NW http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235670 Space_Cowboy_NW Thu, 19 Nov 2009 01:34:14 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235670 Amazing that Ford sold as much as they did given the frequency of 'Exploders' (2 & 4wd) that were traded in, proving (once again) just how short a memory the American public (car buying in this instance) has. The politicos figured that concept out long ago......."Nobody ever went broke underestimating the intelligence of the American public. " -H L Mencken Usual Caveat: Your mileage may vary..... Amazing that Ford sold as much as they did given the frequency of ‘Exploders’ (2 & 4wd) that were traded in, proving (once again) just how short a memory the American public (car buying in this instance) has.

The politicos figured that concept out long ago…….”Nobody ever went broke underestimating the intelligence of the American public. ” -H L Mencken

Usual Caveat: Your mileage may vary…..

]]> By: unc nunkie http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235656 unc nunkie Thu, 19 Nov 2009 00:38:20 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235656 No matter what the folks bought, it seems they all agreed on what to cash in. I didn't pull up every state, but every state I did look at had a Ford Explorer as the most common vehicle turned in. No matter what the folks bought, it seems they all agreed on what to cash in. I didn’t pull up every state, but every state I did look at had a Ford Explorer as the most common vehicle turned in.

]]> By: jonpublic http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235629 jonpublic Wed, 18 Nov 2009 22:18:00 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235629 If you take out Michigan, I wonder what the over all % is of cars that were domestic vs foreign. In other news, Ford seems to be doing well. It won the Motor Trend car of the year and just got some top safety picks over Toyota and BMW. Stock price is 1.5 at the start of the year vs 9 now despite the fact they've issued new shares twice. If you take out Michigan, I wonder what the over all % is of cars that were domestic vs foreign.

In other news, Ford seems to be doing well. It won the Motor Trend car of the year and just got some top safety picks over Toyota and BMW. Stock price is 1.5 at the start of the year vs 9 now despite the fact they’ve issued new shares twice.

]]> By: billykaos http://www.ritholtz.com/blog/2009/11/state-by-state-numbers-for-thecash-for-clunkers-program/comment-page-1/#comment-235591 billykaos Wed, 18 Nov 2009 19:44:30 +0000 http://www.ritholtz.com/blog/?p=43548#comment-235591 speaking of Detroit...love to hear BR's macro thoughts on this--is it a arbinger or a one-off?? http://www.theweek.com/article/index/101313/Detroit_A_city_on_the_brink Granted the Week is only 1 step up from USA Today but even knowing the narrative beforehand, the stats are amazing!! And this was WITH 40+ years of Warnings and Planning from the Best and the Brightest... speaking of Detroit…love to hear BR’s macro thoughts on this–is it a arbinger or a one-off??
http://www.theweek.com/article/index/101313/Detroit_A_city_on_the_brink
Granted the Week is only 1 step up from USA Today but even knowing the narrative beforehand, the stats are amazing!! And this was WITH 40+ years of Warnings and Planning from the Best and the Brightest…

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