Tuesday, August 4, 2009

Top 10 "Cash For Clunkers" Trade-ins and New Cars

Here are the top ten Trade-ins and New cars bought as a result of Obama's "Cash For Clunkers" program which may end this Friday (August 7, 2009) if Congress doesn't provide an extension of the program at a price tag of another $2.5 billion. As stated in Sean Tucker's article for Yahoo.com:
"America has a lot fewer functioning Ford Explorers these days.
The number one vehicle destroyed under the Cash for Clunkers program, the Transportation Department says, was the Ford Explorer (1998 edition). Number two, the Ford Explorer (1997). Number Three...you guessed it. The '96 model. The top eight, Jalopnik reports, were all SUVs. In fact, they were all various editions of the Ford Explorer and Jeep Grand Cherokee. A pair late ‘90s of minivans, the ‘97 Ford Windstar and '99 Dodge Grand Caravan, round out the top ten. All ten were domestic vehicles.

Domestics claimed a decent share of the new vehicle sales generated by the program as well. The Detroit News notes, "Detroit's automakers accounted for 47 percent of the first 80,000 ‘Cash for Clunkers' sales, the Obama administration said today...which is above their overall share in the auto market of about 45 percent." The top-selling vehicle under the program so far is the
Ford Focus. "Four of the top 10-selling vehicles are manufactured by Detroit's Big Three. Of non-Big Three purchases, the Transportation Department's preliminary analysis suggests that more than half of these new vehicles were manufactured in the United States."

Autoblog adds, "White House spokesman Robert Gibbs says the average fuel economy increase so far is 9.4 mpg; a 61% increase." Based on the first 80,000 sales, "83% of the vehicles traded in have been trucks, while 60% of the vehicles purchased under the program have been cars."

The Top Ten Cash for Clunkers Trade-Ins:
1. 1998 Ford Explorer
2. 1997 Ford Explorer
3. 1996 Ford Explorer
4. 1999 Ford Explorer
5. Jeep Grand Cherokee
6. Jeep Cherokee
7. 1995 Ford Explorer
8. 1994 Ford Explorer
9. 1997 Ford Windstar
10. 1999 Dodge Caravan

The Top Ten Cash for Clunkers New Cars:
1. Ford Focus
Honda Civic
Toyota Corolla
Toyota Prius
Ford Escape
Toyota Camry
Dodge Caliber
Hyundai Elantra
Honda Fit
Chevy Cobalt

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