The Pundits are Wrong Again: Edmunds is the new Bear Stearns

Revenge of the Millionaires Next Door

http://news.yahoo.com/s/ap/20090731/ap_on_go_ot/us_cash_for_clunkers

http://news.yahoo.com/s/ap/20090731/ap_on_go_co/us_cash_for_clunkers

Remember the times when all so called Finance/Auto/Politics Pundits were sceptical of the cash for clunkers program. Most said this program would not succeed as there will be too few people eligible.

Also they predicted that anyone eligible and who can afford to buy new car will already be driving one.

http://www.edmunds.com/help/about/press/151267/article.html

"Edmunds.com suggests that the program will struggle to produce the estimated 250,000 vehicle sales. Results will be limited because:"

Now within a week almost 250K cars have been sold and the program has been wildly successful as this blog mentioned that this program is best deal ever for an average Joe/Jill.

MORAL: DON'T TRUST EDMUNDS or KBB or other PUNDITS. Kindly USE COMMON SENSE and Please Donate to this Blog!!