Edmunds.com Fights Back After White House Attack


	Edmunds.com Fights Back After White House Attack

billpar

11-2-2009 2:03 PM

98 views

tags:

politics

billpar says:

Probably 30% of the sales that we made during the program wouldn't have happened until those bad months.

We're eager to see if The White House responds again.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9fa7c61d-b159-427b-bb8e-35cb3307d9f9/BA0AE5B6-8B21-4157-87EC-7313A2066E93/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10" href="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10" style="font-size: 11px;">www.businessinsider.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10"><H1>Edmunds.com Fights Back After White House Attack</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10">Edmunds.com says the program was a gigantic waste with little effect. The White House disagrees.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.businessinsider.com/img/745CF613-F475-4C2E-BD5F-1BFCBACD58E2" alt="obamahopefield.jpg" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10"><P>Anyway, Edmunds is sticking by its analysis, and it put out the following press release:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10">At issue is one point of the analysis showing the taxpayer cost for every incremental vehicle sold was $24,000.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10">No manufacturer increases production -- a decision with long-term consequences -- based on the 30-day sales blip triggered by an event like Cash for Clunkers.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10">With all respect to the White House, Edmunds.com thinks that instead of shooting the messenger, </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10"><P>We're on Edmunds side here. We haven't seen any evidence that the program wasn't just a massively expensive way of pulling demand forward, with little long-term to show for it.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessinsider.com/edmundscom-fights-back-after-white-house-attack-2009-10">The problem is: now we won't have the sales we would have had this winter. Everyone in the car business will tell you that November-February are the worst months for sales.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BA0AE5B6-8B21-4157-87EC-7313A2066E93/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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