Here is an October 5 Wall Street Journal editorial reviewing the “Cash For Clunkers” stimulus plan:
Also, to provide perspective, a chart of Vehicle Sales from the CalculatedRisk blog (10/1 post) at this link:
As one can see, the “Cash for Clunkers” seems to have been successful in temporarily causing a surge in auto sales for July and August.
One could casually observe that the program was successful, in that it caused a short-term sales spike and the purported associated economic and environmental benefits.
However, this observation would be flawed, as many other factors are present as well. I mentioned some of them during my August 4 post that is found here:
SPX at 1057.58 as this post is written