Cash For Clunkers Could Lessen Availability
August 24th, 2009
With another $2 billion now being offered by the federal government to get cars with high fuel consumption off the road, the classics market could see some serious culling. The New York Times points especially to cars from the 70s, 80s and 90s as those that might see their availability lessen by a fair amount courtesy of this government program.
Is this all bad?
Not necessarily. Some car collectors are saying the government’s Cash for Clunkers program will help remove many cars from the road that might not necessarily represent the best of the classics world. In addition, it should help the environment by taking old cars that were used for commuting off the road for good. This, of course, is not a bad thing.
On the downside, some of the targeted areas could end up hurting those who collect muscle cars from the 1970s especially. The truth is there are still many models from the 70s on the road, used on a regular basis. The thinning of the pack might inadvertently drive up the value of those cars that remain. This, of course, would be good news for those already own a muscle car or two. It is not such a hot prospect for those who have not purchased a classic as of yet.
There is still time to strike though. If you have not found your classic yet and fear this program will hurt your chances, do not give up just yet. It is possible to begin your own aggressive search right now and offer owners your own form of Cash for Clunkers to ensure you still have the opportunity to own your own drivable piece of history.
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