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CARS Report

CARS Report

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Published by FOXBusiness.com
Report shows Toyota Corolla, not an American car, is the top selling 'Cash for Clunker' car.
Report shows Toyota Corolla, not an American car, is the top selling 'Cash for Clunker' car.

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Published by: FOXBusiness.com on Aug 06, 2009
Copyright:Attribution Non-commercial

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08/19/2010

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NEWS FLASH:
 
C.A.R.S. Program Statistics
 August 5, 2009
Dealer Transactions
Number Submitted:184,304Dollar Value:$775.2M
Top 10 New Vehicles Purchased 
1.Toyota Corolla2.Ford Focus FWD3.Honda Civic4.Toyota Prius5.Toyota Camry6.Hyundai Elantra7.Ford Escape FWD8.Dodge Calibe9.Honda Fit10.Chevrolet Cobalt
New Vehicles Manufacturers
General Motors18.7%Toyota17.9%Ford16.0%Honda11.6%Chrysler10.6%Nissan 7.0%Hyundai 6.6%Kia 3.8%Mazda 2.3%Subaru 2.2%Volkswagen 1.9%Suzuki 0.4%MINI 0.3%Mitsubishi 0.3%Smart 0.2%Volvo 0.1%
 
All Other 0.1%
Nearly half of new vehicles purchased under the program were from the BigThree
.
 
The Big Three’s share in this program (45%) is equivalent to their overall share inthe auto market (about 45%). Four of the top ten selling vehicles are manufactured bythe Big Three. Of non-Big Three purchases, preliminary analysis suggests that well over half of these new vehicles were manufactured in the United States.
 
 
Top 10 Trade-in Vehicles
1.Ford Explorer 4WD2.Ford F150 Pickup 2WD3. Jeep Grand Cherokee 4WD4.Jeep Cherokee 4WD5.Dodge Caravan/Grand Caravan 2WD6.Ford Explorer 2WD7.Chevrolet Blazer 4WD8.Ford F150 Pickup 4WD9.Chevrolet C1500 Pickup 2WD10.Ford Windstar FWD Van
Vehicles Purchased by Category 
Passenger Cars:
88,814
Category 1 Truck:
52,391
Category 2 Truck
: 8,601
Category 3 Truck:
295Thus far, 83% of trade-ins under the program are trucks, and 59% of new vehiclepurchases are cars.
The program is working far better than anyone anticipated atmoving consumers out of old, dirty trucks and SUVs and into new more fuel-efficientcars.
Vehicle Trade-in by Category 
Passenger Cars:
24,903
Category 1 Truck:
99,186
Category 2 Truck
: 24,931
Category 3 Truck:
1,081
 Average Fuel Economy 
New vehicles Mileage: 25.3 MPGTrade-in Mileage: 15.8 MPG.Overall increase: 9.6 MPG, or a 61% improvement
Cars purchased under the program are, on average, 21% above the average fueleconomy of all new cars currently available, and 63% above the average fueleconomy of cars that were traded in.
This means the program is raising the averagefuel economy of the fleet, while getting the dirtiest and most polluting vehicles off theroad.

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