Cash For Clunkers Most Popular Cars
The cash for clunkers cars deal has been a recent craze for people around the US taking advantage of the government’s $3500 – $4500 tax credit. By trading in any old vehicle that qualifies under the cash for clunkers program terms you can qualify for the credit which is to be used to purchase any new fuel efficient vehicle.
Cash for clunkers has been so popular that the original $1 billion set aside for the program is already nearly gone. As a result another $2 billion in emergency funds is being voted on by the Senate this week to be released. An extra $2 billion will keep the momentum going and the spending up for new fuel efficient vehicles. (UPDATE: $2 Billion was approved).
Cash For Clunkers Most Popular Cars
So what vehicles are the most popular purchases under the cash for clunkers program? CNN Money reveals the top 10 vehicles that are currently the most popular under the program ordered by most purchases:
- Ford Focus (Ford)
- Toyota Corolla (Toyota)
- Honda Civic (Honda)
- Toyota Prius (Toyota)
- Toyota Camry (Toyota)
- Ford Escape (Ford)
- Hyundai Elantra (Hyundai)
- Dodge Caliber (Chrysler)
- Honda Fit (Honda)
- Chevrolet Cobalt (General Motors)
Interesting if your break down the total vehicles in the top 10 list based on manufacturer:
- Toyota (3)
- Honda (2) and Ford (2)
- Chrysler (1), Hyundai (1), and General Motors (1)
Unfortunately for us as US tax payers General Motors and Chrysler are at the bottom of this list.
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Source:
Cash for Clunkers Cars List: Top 10
Peter Valdes-Dapena
CNNMoney.com, August 4th, 2009
GDP is the Sum of all final goods and services made in the USA. Most of those car are manufactured here, a direct impact to GDP.