Cash for Clunkers officially ended Monday night and dealers had until Tuesday evening to file all the paperwork. This morning the Department of Transportation stated that 690,114 vehicles were traded in for new ones, which totals $2.877 billion, just under the $3 billion set aside for the program.
According to the Obama administration the program either created or saved a total of 21,000 jobs this year.
"American consumers and workers were the clear winners thanks to the cash-for-clunkers program," said U.S. Transportation Secretary Ray LaHood.
Top 10 New Vehicles:
1. Toyota Corolla
2. Honda Civic
3. Toyota Camry
4. Ford Focus
5. Hyundai Elantra
6. Nissan Versa
7. Toyota Prius
8. Honda Accord
9. Honda Fit
10. Ford Escape FWD
Top 10 Traded Vehicles:
1. Ford Explorer 4WD
2. Ford F150 Pickup 2WD
3. Jeep Grand Cherokee 4WD
4. Ford Explorer 2WD
5. Dodge Caravan/Grand Caravan 2WD
6. Jeep Cherokee 4WD
7. Chevrolet Blazer 4WD
8. Chevrolet C1500 Pickup 2WD
9. Ford F150 Pickup 4WD
10. Ford Windstar FWD Van
Full Story: Detroit Free Press
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Comments (9)
They should rename this program "RWD to FWD"
Posted by Ravicai | August 26, 2009 11:19 AM
Posted on August 26, 2009 11:19
Hmmm...Top 10 New Vehicles = 8 out of 10 are Japanese, 2 go to Ford. Top 10 Traded = All Domestic...nevermind, i'll just leave that one alone.
Posted by K5 | August 26, 2009 1:04 PM
Posted on August 26, 2009 13:04
@K5
You also forgot to point out that the traded vehicles were all trucks/suv's (with the exception of the van perhaps).
And most of the purchased vehicles were cars...
Yeah I'll let you draw your own conclusion as well.
I think this program has a vague sense of merit to it, but it was to lax in the restrictions to anything other than destroy perfectly good cars.
A 2001 V6 Rodeo with 50k miles on it is not a clunker.
Neither is a 97 Chevy Silveraldo V8 with 70k.
A 94 Ford Explorer with like 175k, okay I'll buy that.
Posted by Brian | August 26, 2009 2:11 PM
Posted on August 26, 2009 14:11
This program is a complete joke. Sure, it's an immediate influx of cash to the automakers, but the harm this will do in the long run will be felt for year.
With all these new cars on the road, the need for tires, parts, repairs, etc. will go down dramatically. And now the people that have new cars probably won't purchase another new one for a while. Let's not mention the scrapping of the used cars. Now used cars will be in higher demand and the price of those will go up.
The foresight for this program didn't get beyond the next election. What a nightmare.
Posted by t_r_nelson | August 26, 2009 2:15 PM
Posted on August 26, 2009 14:15
Congratulations to the 690,114 individuals who got us to help them buy their new cars:(( Now if each of you will send your $10 per man, woman and child in your family to the federal government to pay for this mess it would be over.
Posted by The whole program SUCKS!! | August 26, 2009 2:34 PM
Posted on August 26, 2009 14:34
I love the current trend of advertising "created or saved xx,xxx amount of jobs". I wish I could support the effectiveness of my decisions with unsupportable estimates. Anyway, I'm off to find that money tree the government keeps shaking.
Posted by thetruth | August 26, 2009 3:26 PM
Posted on August 26, 2009 15:26
I am sure the numbers above are the weird organization numbers from the NHTSA like before.
Toyota 19.4%
GM 17.6%
Ford 14.4%
Honda 13%
Nissan 8.7%
Those are the top 5 for sales totals. Hyundai got the number 5 spot with the Elantra and Nissan 6 with the Versa and no GM vehicles made the top ten? Likewise, Honda has 3 cars in the top ten and Ford only 2 but Ford sold more total?? I think I will wait for the real numbers again and not that crazy NHTSA organization by different drive train types vs actual model numbers sold.
Posted by Avatar | August 26, 2009 4:33 PM
Posted on August 26, 2009 16:33
The funny part is the rebate is taxable, also most of the car traded were late models that aren't that bad for the environment.
Posted by RX-7 Guy | August 26, 2009 5:58 PM
Posted on August 26, 2009 17:58
If you had to replace your car in 2008 you had to pay full price.
If you replaced your car in 2009, you received a rebate courtesy of the taxpayers.
I feel sorry for anyone who bought a car in 2008, paid full price, then had to subsidize someone else's purchase of a car in 2009.
How does this make any sense?
Posted by nfl | August 31, 2009 8:54 AM
Posted on August 31, 2009 08:54