Cash for clunkers: Attracted buyers of used cars to buy new cars

The Government "Cash for Clunkers" program managed to convince people that went to buy used cars to buy new cars, however, the study found.

But some of them may now regret.

The number of cars of customers who said they decided to buy car news, rather than use have changed significantly since July, when it was 12% in August, when it was 20%, Kelley Blue Book Market Intelligence is a poll says. Cash Clunkers, where the government came to $ 4500 in incentives for new car buyers, when trading on the old, inefficient one, which began in late July and ended on Monday.

The survey of almost 1000 participants in the program found 17% say they have doubts or serious concerns about purchasing a new car, "says CNW Market Research. The majority said that now regret, and $ 275 -350 dollars a month car payment, which had previously acquired. Typically, hits buyers remorse 'around 6% and 8% of new vehicle buyers within a month. but traders have no regrets that:

KBB says clunkers program has been great for traders. Approximately 59% of clients indicated that likely to visit a dealership to take part in the cash for Clunkers. Half of the respondents said that they often think Toyota because of its cash incentives for Clunkers, and 47% are inclined to visit the Ford dealer. Toyota, General Motors and Ford picked up the most cash from the sale Clunkers.

"Money for Clunkers success in the consumer mind-set to shop for a new car again, despite the economic difficulties the country is experiencing," said Rick Wainschel, Senior Vice President, market research and business strategies for Kelley Blue Book.