Well, that's just not true on either count. Getting and keeping those cars off the road actually drove both the new and used car markets, keeping sales steady at a time where there likely would have been a downturn. And most of the cars that were removed failed emissions or had other serious (not worth fixing) problems. Also, those cars were scrapped for parts and/or recyclable materials.
However, I will concede that, if you are looking to restore your 1984 Cadillac Cimarron to it's former "glory," you may be out of luck as a result of this program.

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