Quote:
Originally Posted by will76
No I didn't. So if they divided the $3 billion by their 125,000-vehicle number to get an average of $24,000 per vehicle. But yet they were only giving people a 3-4K credit. WTF did the rest of the money go???
|
It's pretty simple really.
690,000 cars were sold in total. So you divide the 3 Billion by 690,000 cars. It works out to $4347 and change per car sold.
What they are trying to say, is that of those 690,000 sold only 18% of them were sold specifically because of the cash for clunkers program. They somehow claim that the remaining 82% of cars would have been sold even if no program existed. So instead of dividing the $3 Billion spent by 690,000 cars to get ~$4350 per car, they're diving the $3 Billion by 18% of the total 690,000 cars sold or about 124200.
3,000,000,000 / 124200 = $24154 and change or roughly $24,000 cost per car.