According to the Obama administration,
domestic automakers made up 47% of new car sales under the Clunkers
program -- domestic auto manufacturers account for 45% of the overall
auto market according to the Detroit News. White House spokesman
Robert Gibbs detailed that the average "clunker" traded in
under the program was rated at 15.8 mpg while the average for the
replacement vehicle was 25.4 mpg.
Of the new, fuel efficient vehicles
purchased under the program, Ford
came out on top with its compact Focus according to the
Transportation Department. The Toyota Corolla, Honda Civic, Toyota
Prius, and Toyota Camry rounded out the top five. The top clunkers
traded in were the Ford Explorer, Ford F-150, Jeep Grand Cherokee,
Jeep Cherokee, and the Dodge Caravan/Grand Caravan.
Not surprisingly, hybrid vehicle sales
were up 35% year-over-year in July thanks to the Clunkers program.
Toyota sold 19,193 Prius hybrids in July, while other models like the
Altima Hybrid and Escape Hybrid saw double-digit increases according
to Autoblog Green.
The success of Cash for Clunkers has
led lawmakers to push through legislation to replenish the funds for the program. The House has already passed legislation to
provide the additional $2 billion to the program. Senate Majority
Leader Harry Reid said on Tuesday that the Senate
will pass its version of the bill as well, much to President's
"This program is going forward. We
have enough money to continue. We encourage people to continue going
into showrooms," said Transportation Secretary Ray LaHood. "The
money will be there to be reimbursed by the dealer. And I believe the
Senate will pass $2 billion."
"This is the one stimulus program
that I believe has been the most popular," LaHood added.
The Detroit News now reports that the Toyota Corolla has jumped ahead of the Ford Focus in "Clunker" sales.
quote: and yet I've seen brand new mustangs need new blocks/transmissions before 30k miles
quote: I agree, as I have a 1997 Honda Civic DX, 225,000miles.
quote: looking at the top 5 cars sold since this program started, yeah the Ford Focus was 1, but it's odd, maybe it isn't, that spots 2 3 4 5, were either Honda or Toyota. Is this telling us something, & it spreads out further if you look at spots 6 7 8 9 10(top 10).
quote: Aren't you forgetting the Fusion/Fusion Hybrid?
quote: look at a focus
quote: 09 SES coupe. Red, black chrome. It was a beautiful car. Interior was excellent, and it drove very smoothly, and handled excellently.
quote: Really, anyone looking for a new car should definitely look at a focus.
quote: ...or any of those jap cars any day of the week.
quote: foreign vehicles
quote: I'm thinking the latter seems more like a 14 year old than the former.
quote: When do I call people names or speak in slang?
quote: Ohhh I know why, because you're a moron.
quote: hangs down off your jeep like saggy old balls
quote: Clearly I'm a racist fuck.
quote: quit bitching
quote: It looks to me like my posts have been fairly accurate and articulate.
quote: In six or four years respectively, this group would have saved $1 billion in gasoline costs.
quote: Since the cost of gasoline is based off supply/demand, this would also mean the rest of us should see our costs go down as well.
quote: If the Cash for Clunkers program reduces the cost of gas $0.20 in the next three months, we would have all saved around $576 million. If the price of gasoline drops to $2.00, we would have saved $1.1 billion during the course of the program.
quote: Resulting in them costing the government even more money than the initial $4000 from reduced tax revenue.
quote: While not completely disconnected, gasoline does not follow the supply and demand curve as other commodities and goods do. There are so many things that can effect the price of gas. Many of them are outside the US. Besides lower demand here does not equal lower demand worldwide.
quote: Oil has gone up since the program started.
quote: The Constitution says people have the right to pursue happiness.
quote: "We Have to Go Spend Money to Keep From Going Bankrupt."
quote: But the Transportation Department, which has collected details on about 157,000 rebate requests, won't release sales data that dealers provided showing how much U.S. car manufacturers are benefiting from the $1 billion initially pumped into the program.The Associated Press has sought release of the data since last week. Rae Tyson, spokesman for the National Highway Traffic Safety Administration, said the agency will provide the data requested as soon as possible.DOT officials already have received electronic details from car dealers of each trade-in transaction. The agency receives regular analyses of the sales data, producing helpful talking points for LaHood, White House spokesman Robert Gibbs and other officials to use when urging more funding.LaHood said in an interview Sunday he would make the electronic records available. "I can't think of any reason why we wouldn't do it," he said.
quote: u have a car that's worth 200$, and they give u an incentive of 5000$ to buy a new car,
quote: against their own will?
quote: So plans like these are to be expected, and are NOT against the will of the voters.
quote: Here people don't just vote for the party that gives us the most free stuff.
quote: Your argument kind of falls a part there. The elected officials passed the bill, therefore if you believe in our system at all, they did so to appease the voters that put them in office. Everyone cannot get their way, it just does not work that way, the majority party makes the rules. So plans like these are to be expected, and are NOT against the will of the voters.
quote: Are you telling me that if you were making 500 000$ a year and went to the dealership to buy a new car and the guy tells you "Oh well what kind of car do you have now? You may be eligible for a free 5000$ towards your car" you wouldn't accept?
quote: Who says they are living off the government just because they took a free 5000$ towards a new car?
quote: Perhaps he makes twice as much as you do but took the 5000$ because you would have to be an idiot not to.
quote: People don't buy JUST BECAUSE its on sale, they buy because they want one anyway and NOW its on sale.
quote: My girlfriend has been looking at cars and even though she doesn't need one now, she may pick up a focus or aveo because of this discount.
quote: Oh, well in that case, what a wonderful idea to borrow billions of dollars from China
quote: We still have a 13 billion $ surplus in our budget which we are continuing to use to pay down our debts.
quote: You think its great that your neighbors are helping you buy a car against their own will?
quote: Get over the 'clunker' aspect of this program and realize it's real benefits. Sales to help corporations, incentives to help consumers, and better mileage to help the planet.
quote: Knock $50,000 off and we'll talk ;)
quote: No way dude, think how much carbon burning down your house would release! What we should do is hire a bunch of out-of-work Detroit union labor to go around knocking peoples houses down. Then we can recycle the building materials into new, environmentally-friendly homes paid for by the government. It's a win for everyone: reduces unemployment, helps the home construction industry, and saves the planet! Just ignore the billions of dollars the program would cost, the next few generations can work that out.
quote: It is one thing to give automakers a bailout, but another thing entirely to give an incentive to the average consumer.
quote: Pollution, balance of payments for oil etc.
quote: It at least lets the consumers decide which auto manufacturer they feel like should get the government money and it supports everyone from the dealer on up.
quote: It's also efficiency. Haven't you read the entire story? Or the articles about it in the papers, or on other web sites? Pollution, balance of payments for oil etc.
quote: Because a car is a valueble asset and because consumer debt is so high, it's a good idea to stimulate the economy by helping out consumers make a valueble asset purchase
quote: If you raise interest rates by even the slightest bit, the whole thing implodes. If you don't, and the economy "recoveres", there's massive inflation, and the economy explodes. Either way the dollar becomes worthless.
quote: Your economy is based on credit and the military machine Both are no good for you but take either out and your gone.