In an entry on the White House blog yesterday, White House Director of New Media Macon Phillips calls Edmunds.com’s C4C analysis “faulty” and “designed to grab headlines.” The 500-word blog came in response to data released the day prior by the auto-info provider that concluded that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.
At the heart of the debate is the percentage of C4C new-vehicle sales that were incremental — in other words, sales that would not have occurred without the government-funded C4C program. Edmunds estimated that number at 18%, while the White House put it in the 64%-to-81% range.
Click here to read the White House blog post.
Click here to read Edmunds.com’s response.
And here’s the original Edmunds.com Cash for Clunkers analysis.