That old gas guzzling car or truck is worth $4500 under the “Cash For Clunkers Bill”. In a few weeks H.B. 2751 provides vouchers up to $4,500 for trading in a vehicle that gets less than 18 miles per gallon and is less than 25 years old for a new vehicle that gets at least 22 miles per gallon. Ok, but what if you want to trade in your clunker for a new motorcycle getting 45 to 60 miles per gallon?
Last week, U.S. Senator Bob Casey (Democrat-Pa.), a long time supporter of Harley-Davidson, introduced legislation to include motorcycles in the “Cash For Ckunkers” program. and recommends a $2500 voucher. His argument are that it would help the motorcycle industry recovery and protect manufacturing jobs in his home state of Pennsylvania (where Harley is contemplating shedding about 1500 jobs in the next 2 years) and other states where motorcycles and parts are manufactured. My question is, how many motorcycle dealers in the US are able to take cars and trucks as trade ins? Opponents of the introduced legislation to benefit sales of motorcycles argue that it is not the government job to manage consumer purchases, whether cars or motorcycles. For 1 year, the actual trade in clunker car program will cost $4 billion of our taxpayers money.