Cash for Clunkers Ends

U.S. Transportation Secretary LaHood declares program "wildly successful"

$2.877 billion in rebate applications were submitted for 690,114 vehicles, according to a press release from the Department of Transportation. Toyota was the biggest winner with 19.4% of the transactions. GM was second with 17.6%, followed by Ford, Honda and Nissan. Dodge was 7th on the list with 6.6% of the transactions.

Six of the top ten new vehicles purchased were from Japanese and Korean Automakers, with the Toyota Corolla, number one, followed by the Honda Civic, Toyota Camry and finally a domestic at number four, the Ford Focus.

The Ford Explorer lead the top ten trade in vehicle list followed by 9 other domestic models.

The government went on to say that on average, vehicles bought under the program averaged 19% above the average fuel economy of all new cars currently available, and 59% above the average fuel economy of cars that were traded in. The new vehicles averaged 24.9 MPG while the trade ins averaged 15.8 MPG for an overall increase of 9.2 MPG or a 58% improvement.

You can read the complete press release here. http://www.dot.gov/affairs/2009/dot13309.htm

Top 10 New Vehicles Purchased:
Toyota Corolla
Honda Civic
Toyota Camry
Ford Focus FWD
Hyundai Elantra
Nissan Versa
Toyota Prius
Honda Accord
Honda FitFord
Escape FWD

New Vehicles Manufacturers:
Toyota - 19.4%
General Motors - 17.6%
Ford - 14.4%
Honda - 13.0%
Nissan - 8.7%
Hyundai - 7.2%
Chrysler - 6.6%
Kia - 4.3%
Subaru - 2.5%
Mazda - 2.4%
Volkswagen - 2.0%
Suzuki - 0.6%
Mitsubishi - 0.5%
MINI - 0.4%
Smart - 0.2%
Volvo - 0.1%
All Other - <0.1%

Top 10 Trade-in Vehicles:
Ford Explorer 4WD
Ford F150 Pickup 2WD
Jeep Grand Cherokee 4WD
Ford Explorer 2WD
Dodge Caravan/Grand Caravan 2WD
Jeep Cherokee 4WD
Chevrolet Blazer 4WD
Chevrolet C1500 Pickup 2WD
Ford F150 Pickup 4WD
Ford Windstar FWD Van