Cash for Clunkers: Cost for Taxpayers

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The government's popular Cash for Clunkers program cost taxes payers $24,000 per vehicle, according to a new report from the auto information firm Edmunds.com.
    
The group also found that nearly 690,000 vehicles were sold during the program, but only 152,000 of them were actually directly related to the Cash for Clunkers program.
    
The report claimed the remaining sales would have happened without the program.
         
Lawmakers setup the program to boost auto sales while at the same time putting more fuel-efficient vehicles on the road.
    
The Cash for Clunkers program cost tax payers $3 billion overall.

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