What were the results of Cash for Clunkers?
1. We changed out 700,000 cars across the US
2. The average fuel efficiency upgrade was 60%: from 15.3 MPG to 25 MPG
3. We changed the way consumers think about cars - now many focus on the cost of filling it with gas and not just on the upfront sticker price.
4. The goverment spent $3 billion and multiplied that to another $23 billion of consumer spending for a total of $26 billion of stimulus for $3 billion of spending - now that's a good program!