I must say, this program is crap no matter how you look at it. Economically its a failure, environmentally its a failure, and from a pure fiscal responsibility standpoint its definitely a failure. I am a carguy at heart, and perusing all the car forums I frequent its almost painful to see some of these cars get destroyed for absolutely no benefit. Case in point:
Here is a GMC Syclone that was traded in under C4C's. This truck may look like an ordinary early 90s S10, but in fact it has a turbo V6 with AWD and the bluebook value is north of $8k. Now its headed for the scrap heap. Sad for such a rare vehicle. Just goes to show that some people do not truly know what they own.
This was a good 1994 Chevy Caprice with the LT1 V8 engine. Sure its not pretty, but it would have been a cheap car for a poor family to get around with, or something large and safe for a new driver to tool around in. (Language Warning) For those of you who want to claim this will have no impact in used car prices, there was a car just like this one for sale in my local craigslist and they were asking $4500 for it due to the C4C program. Normally it would only pull something in the neighborhood of $1.5k-$2k.
There was a good video of a nice early 2000ish Jeep Grand Cherokee that was nicer than anything I drive being destroyed for this BS program, but that video is unavailable now.
I know not everything being traded in was worthy of being resold, but a lot of good used cars are meeting an unnecessary early demise. Perhaps even some future collectors like the Syclone I posted about are going to be destroyed making parts harder to come by and or completely unavailable. I just cannot understand how anybody can support or defend this pointless program when in reality it has accomplished nothing other than blowing through a crapload of taxpayer dollars in a couple weeks. Sad really.