>>28562518
>1. Low desire rating cars that could have been used by highschoolers or college students got destroyed.
no they didn't, it primarily targeted early SUVs which no student could ever afford to fuel or maintain, old fuel efficient cars from the '70s and '80s were not eligible. Most american sedans got over 18 mpg combined easily. The only ones that didn't were heavy luxury cars.
>2. People went up market and got into loans they can't afford - this started the 74 month lease autism
wrong
you seem to be confusing leases and loans
>3. Large market dealers had 'market adjustments' on prices to try to gouge customers now flocking there to getting a new car
true but irrelevant because the incentive bonus was less than 5 grand
>4. The government did not have the money up front and many dealerships that were small mom and pop shops went broke and further fucked the market once the funds ran dry
this is AI generated made up nonsense that literally never happened
as a dealer you weren't obligated in any way to participate in the CARS program
>5. Used market went hyperinflated as people who were late to the party or caught in the aftermath bought out the rest
true but only because smart people who know how cars work took advantage of retarded schizophrenics like you
do NOT look up what happend to the cars that were """""disabled""""" and """"scrapped""""" (shipped to mexico and the middle east)
>I saw this shit first hand, the 10 year old 2000$ buick lesabre type cars that were perfect for people just started to drive (they were everywhere and nobody cared and nothing of value was lost if crashed) all jumped to $5-7k
WRONG
holy shit lmao those cars were 2 grand for a decade afterwards, you couldn't give them away to a junkyard half the time
the prices only started to rise within the past 10 years as people got nostalgic for the era
