Cash for Clunkers destroyed 690,000 functional vehicles in 2009, creating an artificial scarcity that rippled through used car markets for over a decade.

Cash for Clunkers destroyed 690,000 functional vehicles in 2009, creating an artificial scarcity that rippled through used car markets for over a decade. The Obama administration sold this $3 billion program as environmental salvation and economic stimulus, but any free market… pic.twitter.com/PyADr3FEpC

— Handre (@Handre) April 17, 2026