Auto Lending News Reports:
In an entry on the White House blog yesterday, White House Director of New Media Macon Phillips calls Edmunds.com’s C4C analysis “faulty” and “designed to grab headlines.” The 500-word blog came in response to data released the day prior by the auto-info provider that concluded that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.
At the heart of the debate is the percentage of C4C new-vehicle sales that were incremental — in other words, sales that would not have occurred without the government-funded C4C program. Edmunds estimated that number at 18%, while the White House put it in the 64%-to-81% range.
Click here to read the White House blog post.
Click here to read Edmunds.com’s response.
And here’s the original Edmunds.com Cash for Clunkers analysis.
Provided by the Auto News RSS Feed: White House Blasts Edmunds.com Over C4C Claims
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