Toyota Corolla Overtakes Ford Focus for Top Cash-for-Clunkers Purchases
The Toyota Corolla has overtaken the Ford Focus as the first choice for American consumers trading their government-approved clunker for a federally subsidized new whip. According to Department of Transportation stats, ToMoCo has now captured three of the top five slots on the Cash for Clunkers (a.k.a. C.A.R.S.) hit list (previous version here) : Toyota Corolla, Ford Focus, Honda Civic, Toyota Prius, and Toyota Camry. Or as, the official release puts it, “Four of the top ten selling vehicles are manufactured by the Big Three. Of non-Big Three purchases, preliminary analysis suggests that well over half of these new vehicles were manufactured in the United States.” Did they mention that the “foreign nameplates” are produced in the U.S.? They did not. Nor did they offer a similar analysis of the country of origin for the trade-ins. Guess what percentage of the Cash for Clunkers trade-ins are American brands?
1. Ford Explorer 4WD
2. Ford F150 Pickup 2WD
3. Jeep Grand Cherokee 4WD
4. Jeep Cherokee 4WD
5. Dodge Caravan/Grand Caravan 2WD
6. Ford Explorer 2WD
7. Chevrolet Blazer 4WD
8. Ford F150 Pickup 4WD
9. Chevrolet C1500 Pickup 2WD
10. Ford Windstar FWD Van
OK, so here’s the money shot: the stats that convinced House Speaker Nany Pelosi that the Cash for Clunkers program was green enough for her valley.
Average Fuel Economy
New vehicles Mileage: 25.3 MPG
Trade-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 fuel economy of all new cars currently available, and 63% above the average fuel economy of cars that were traded in. This means the program is raising the average fuel economy of the fleet, while getting the dirtiest and most polluting vehicles off the road.
And if that’s not enough reason to justify another $2 billion in federal funding for the Cash for Clunkers program, check out the geographical spread. There isn’t a politician in these here United States whose dealers haven’t benefitted from the program. As well they should; this is their bailout.
NEW HAMPSHIRE: $5,474,500
NEW JERSEY: $13,744,500
NEW MEXICO: $2,366,000
NEW YORK: $32,440,000
NORTH CAROLINA: $18,472,000
NORTH DAKOTA: $3,302,000
RHODE ISLAND: $2,392,000
SOUTH CAROLINA: $7,164,000
SOUTH DAKOTA: $4,033,500
WEST VIRGINIA: $2,769,500
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