The effects of Cooperative Adaptive Cruise Control (CACC) on traffic flow is an important issue as traffic flow stability, capacity and safety are concerned. In contrast to most research we focus on traffic flow stability. We use the Intelligent Driver Model and CACC algorithms to assess the effects. A recently field-tested and CACC-based advisory system is also evaluated as an intermediate solution. It is found that CACC can quickly damp shockwaves at lower penetration rates (50%) and that shockwaves move faster. ©2010 IEEE.