Assessing Cash for Clunkers
Saturday, August 22nd, 2009Cash for Clunkers ends Monday and already debate is swirling about whether or not the program was a success. Well, the politicians are debating. Consumers loved the program and car dealers, some of whom have been making 20 or more sales a day, are pretty happy as well. (They’ll be happier when the paperwork goes through and they get paid.)
As it stacks up, it appears that the top trade-ins were:
1. Ford Explorer 4WD
2. Ford F150 Pickup 2WD
3. Jeep Grand Cherokee 4WD
4. Jeep Cherokee 4WD
5. Dodge Caravan/Grand Caravan 2WD
6. Ford Explorer 2WD
7. Chevrolet Blazer 4WD
8. Ford F150 Pickup 4WD
9. Chevrolet C1500 Pickup 2WD
10. Ford Windstar FWD Van
And the top purchases were:
1. Toyota Corolla
2. Ford Focus FWD
3. Honda Civic
4. Toyota Prius
5. Toyota Camry
6. Hyundai Elantra
7. Ford Escape FWD
8. Dodge Caliber
9. Honda Fit
10. Chevrolet Cobalt
Looking at these lists, it strikes me that the big trade-ins were all American Made and the big purchases were from the Asian competition. A bail out for American car makers? A WPA for GM? If these lists shake out to be accurate, then neither of those things is true. But a harbinger of changed American automotive tastes. Definitely.
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