Consumers weren't the only ones to benefit from 'Cash for Clunkers'

I remember my first car was a used Navy Blue 5.0 Ford Mustang. It had all the bells and whistles including the clutch that would go out and the engine would run hot. Yeah those were the days!

I had to insert a flat head screwdriver inside a flap on "some gadget" underneath the hood for it to start. I suppose the engine needed air. As I digress, I loved that vehicle. In the end, the repairs were more than I paid for the used vehicle.

There was a time when Ford was an acronym for fix on, repair daily or found on road dead.

Since the collapse of GM and Chrysler consumers are turning to a familiar face once again...Ford.

Ford truly benefited from the 'Cash for Clunkers' program. There profit was nearly $1B. Can you believe it? Can the company keep the momentum and market the brand as reliable and stable?

Only time will tell!

Now that the celebration and final numbers for the 'Cash for Clunkers' program has been validated let's move on to the increase in the gas prices. Yes, readers the gas prices have been increasing over the past 18 days and counting.

Now that the consumers have purchased their high profile gas efficient vehicles are they too feeling the pressure at the pump.

The clunker vehicle was not pleasing to the eye for some, but the note was paid and there (possibly) were minimum concerns. Now that the consumer has a car note, increase car insurance and the rise of gas prices. Was it worth it? Did the program benefit you, the entities or both?

At the end of the day it seems everyone benefited from the 'Cash for Clunkers' program:

Consumer= Feels good when driving a new vehicle
Government= Temporary solution to a semi-permanent financial turmoil
Oil Company= Increase in gas prices for more profit
Car Insurance=Increase in coverage and more money toward the agency
Citizens (some)=Celebrating the efforts of The Obama Administration

The government has found a way for everyone to profit and be satisfied. The program was a bandage on a crack dam that's seeping uncontrollable water.


Be inspired,

Bahiyah Shabazz
The Solutions Coach

"Providing Solutions to Fit Your Needs"

http://www.bahiyahshabazz.com