Business Publication #1 BBC news

http://news.bbc.co.uk/2/hi/business/8257032.stm

This article reported on the effectiveness the "Cash for Clunkers" program has had on US auto sales in the last few months. After reporting that the "Cash for Clunkers" scheme did bolster the auto industry temporarily, many analysts are now reporting that the US auto industry is in store for a "V curve" pattern. This statement makes a lot of sense, and that is what I found interesting about this article. A "V curve" is another way of saying the auto industry reached its peak during the "Cash for Clunkers" program. This means that since the program has ended, the auto industry is liable to fall just as quickly as it rose during "Cash for Clunkers". I agree with this statement, because anyone that wanted to sell their old car did it during the "Cash for Clunkers" sale. Since the sale is over no one will be bringing in their old car looking to buy a newer, more fuel efficient car. Without the "Cash of Clunkers" customers coming onto dealership lots, there will not be enough sales to keep the auto industry at the current level of sales it is at. This will inevitably cause dealerships to lose money and possibly put us right back where we started. I hope the "Cash for Clunkers" program was the extra push we needed to get the US auto industry back on track, but according to this and several other reports I have read it hardly seem likely.