Analyst: No Aftermarket Impact by Cash for Clunkers

NULL - August 31, 2009

A finan­cial ana­lyst main­tains that Cash for Clunk­ers will not impact the after­mar­ket. Tony Cristel­lo says CARS removed less than 1% of vehi­cles 8 years old and old­er now run­ning. He does see new-vehi­cle sales improv­ing over the next year but not return­ing to the 16 and 17 mil­lion annu­al sales.