Top 10 Cash for Clunkers trade-ins

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Frank

Frank

With Cash for Clunkers mostly over, Consumer Reports looks at the most popular new cars and the most popular clunkers that were traded in.

Here are the most popular new cars:

1. 1. Toyota Corolla
2. 2. Honda Civic
3. 3. Ford Focus
4. 4. Toyota Camry
5. 5. Hyundai Elantra
6. 6. Toyota Prius
7. 7. Nissan Versa
8. 8. Ford Escape FWD
9. 9. Honda Fit
10. 10. Honda CR-V AWD

And the most popular trade-ins:

1. 1. Ford Explorer 4WD
2. 2. Ford F150 Pickup 2WD
3. 3. Jeep Grand Cherokee 4WD
4. 4. Jeep Cherokee 4WD
5. 5. Ford Explorer 2WD
6. 6. Dodge Caravan/Grand Caravan
7. 7. Chevrolet Blazer 4WD
8. 8. Ford F-150 Pickup 4WD
9. 9. Chevrolet C1500 Pickup 2WD
10. 10. Ford Windstar

CR notes that 84 percent of trade-ins were trucks, and 59 percent of the new purchases were cars, and that "the most-popular new cars bought through the program all offer very good fuel economy, contributing to the significant fuel savings." According to the NHTSA data there was an average 15.8 mpg fuel economy on traded-in models and 25 mpg on the new, replacement vehicles – an overall 9.2 mpg increase.

In fuel economy and environmental terms, it seems like Cash for Clunkers was a success. The speed at which the allocated and additional money ran out demonstrate that the program was a hit with consumers, and we hope it helped the auto industry, although we can't help noticing that nine of the top ten cars purchased are Japanese.

Cash for clunkers: Top 10 most popular new cars and trade ins
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Good math sirs.
 
C

Cuyval Dar

Frankie said:
Good math sirs.
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You can't really blame them, they used to be a Gawker site.

---------- Post added at 06:27 PM ---------- Previous post was at 06:19 PM ----------

You notice that they do not mention that those vehicles are by-and-large manufactured in the US. You know, because its cheaper than shipping across the ocean.
 
B

BErt

Isn't Hyundai a Korean company? that would add to their fail...If not, I guess it begins mine.
 
Shawn

Shawn

Well this one came 5 years too late. I already bought a Ford Focus. I ended up just donating my previous vehicle.
 
I

Icarus

I love how FOX were whining about this program and how it caused American cars to be sold and foreign cars to be bought. Maybe that has more to do with how poorly American cars are designed, eh? If you're not offering affordable yet economic cars but are instead STILL selling gas-guzzling monsters, then it's no surprise you don't sell a lot of cars!
 
drawn_inward

drawn_inward

Is it me or is this idea full of fail? Economy is tanked. Banks failed for giving out stupid loans to stupid people. The government writes a giant check to fix it. Then, money is given out, again, to solve another problem? And, folks are standing in line for more loans?? What the fuck has happened to common sense? Do people not learn from their mistakes? I'm not saying that everyone that bought a car will default on their loan, but surely quite a few will.

\"Cuyval Dar\" said:
On a side note, I've seen a huge number of cars flood onto the auction block lately. The sellers? Car dealerships. Coincidence? I think not.
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They are supposed to be destroyed.
http://www.time.com/time/business/article/0,8599,1914367,00.html
 
I

Icarus

drawn_inward said:
Is it me or is this idea full of fail? Economy is tanked. Banks failed for giving out stupid loans to stupid people. The government writes a giant check to fix it. Then, money is given out, again, to solve another problem? And, folks are standing in line for more loans?? What the fuck has happened to common sense? Do people not learn from their mistakes? I'm not saying that everyone that bought a car will default on their loan, but surely quite a few will.
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You're oversimplifying. To get out of a recession, the economy needs to start moving. Without banks giving out loans to invest, you're going to be extending recession instead. The loans given out now are more strict anyway, and they won't be throwing with money any more so people who can't afford a car are unlikely to get a loan in the first place. You just can't stop loans because they may not get paid back - that's no way to fight a recession.
 
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