The federal government will purchase all of the vehicles from two companies they already bailed out, Chrysler and GM, and Ford which has yet to request and accept bailout money. The purchase will include buying 2500 hybrid sedans, which will most likely include the new 2010 Ford Fusion Hybrid.
But if you compare this purchase to the auto sales that occurred during last month (approximately 850,000 vehicles were sold in March across the United States), it is still a drop in the bucket. If annual US auto sales reach what is projected, about 9.86 million vehicles, the 17,600 vehicles the federal government will be buying will represent only about 0.18 % of the total number of vehicles sold in the United States in 2009. (Yes, that is 0.18%, less than a quarter of one percent.)
(17,600/9,860,000) x 100 = 0.178 (approximately 0.18%)
Is this enough to stimulate auto sales?
