The government’s Cash for Clunkers program has definitely given a slight jolt to the automotive industry. In less than a week the program reportedly ran out of funding that was supposed to last until November, but fortunately the government has added more money although who knows how long that will last. In the last week, 47 percent of the sales attributed to the program have gone to the Big 3. Through Saturday afternoon 80,500 transactions had taken place.
In addition to nabbing almost half of the sales, Ford can also be happy knowing that the Ford Focus was the most popular vehicle in the program.
Full Story: The Detroit News
Ford’s Sales Improved 9 Percent in July Due to Cash for Clunkers
Cash for Clunkers Causes Chrysler to Run Out of Cars, Cancels Double Rebate Incentives