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You're making the assumption that the prices for used cars would have remained static or would have not climbed by that $700 value in your example over the same period. Would this be realistic in this environment where, you know, people would be more reluctant to sell their cars into the used market and opt instead to hang onto their vehicles indefinitely? That puts a chokehold on the supply in the used car market.
I wouldn't call the CARS program a rousing success, but I wouldn't call it a failure either.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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