Every GM Vehicle Sold Costs Taxpayers $12,200
ALEXANDRIA, Va. - According to a report by the National Taxpayers Union, American taxpayers have paid $12,200 for every General Motors vehicle sold through the beginning of 2011, and $7,600 for every Chrysler vehicle sold.
“The Auto Bailout—A Taxpayer Quagmire,” a book written by Thomas Hopkins, professor of economics at Rochester Institute of Technology, analyzes what the government bailout of the auto industry has actually cost American taxpayers. This includes how much each taxpayer has contributed to the auto industry since December 2008 and how much each vehicle is costing the public. It also looks at the impact of the bailout on the domestic business environment and the overall economy.
“Every time someone in your neighborhood drives home in a shiny new Chevy Silverado, remember that it cost American taxpayers more than $12,000,” notes Pete Sepp, vice president for policy and communications for the National Taxpayers Union, a nonprofit citizens group founded in 1969. “Between this and GM’s plan to payback their bailout debt with other taxpayer funds, I wonder if all those Americans without work right now could think of any better ways to spend that money.”
The study found that the average American taxpaying family has invested roughly $800 in the auto bailouts so far. Moreover, government support for General Motors, Chrysler and GMAC—the financing subsidiary that supports sales at both—now stands at $78.9 billion with no clear plan for how the American public will ultimately be reimbursed.
The report is based on a November study released by the Government Accountability Office as well as statements and reports released from the U.S. Treasury.
More Industry

Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
Read More →
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →