Sucks for Scott Stringer, Manhattan Borough President [My comments in italics]:
The “Cash for Clunker” program… has boosted month-to-month auto sales nationally by 2.4%, emptying lots at Dallas car dealerships [Two percent. Really? REALLY? All this hoopla over a 2% increase?], and prompting Ford factories in Detroit to do something they haven’t done in years: scramble to raise production to catch up with demand [A scramble for a 2% increase. Riiiight.].
But even with this welcomed jump in auto sales, the story told by July’s retail sales numbers was that not even Cash for Clunkers has been enough to keep retail sales in the black. After making gains in May and June, national retail sales trends reversed in July and fell 0.1% [Maybe those people buying cars weren't able to buy other things because, ya know, they had to buy cars NOW NOW NOW while Uncle Sugar was waiting to help pay the bill.].
Earlier this week, I called on Energy Secretary Dr. Steven Chu to create a Cash for Clunkers program for urban America, one that transforms the Department’s appliance rebate program into a mirror-image of the successful program for cars.
About that “successful” thing:
Hundreds of auto dealers in the New York area have withdrawn from the government’s Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.
The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates. They’re also worried about getting repaid.
“(The government) needs to move the system forward and they need to start paying these dealers,” said Mark Schienberg, the group’s president. “This is a cash-dependent business.”
[...]
Schienberg said the group’s dealers have been repaid for only about 2 percent of the clunkers deals they’ve made so far.