Clunker ROI? A disaster. Embarassing. Most importantly, just plain and simply, sad.
A clunker that travels 12,000 miles a year at 15 mpg uses 800 gallons of gas a year. A vehicle that travels 12,000 miles a year at 25 mpg uses 480 gallons a year. So, the average Cash for Clunkers transaction will reduce US gasoline consumption by 320 gallons per year. They claim 700,000 vehicles, so that’s 224 million gallons saved per year. That equates to a bit | Read More »