AP: Final Cash for Clunkers data

[TwixVoy]

FU**! At least 41% of this cash went to foreign business. We are obviously not going to spend our way out of this. WE NEED JOBS THAT PRODUCE HERE IN THE USA!!!!


QUOTE*******

http://www.google.com/hostednews/ap/article/ALeqM5iZoB_s-ZQeGF169daIEwmk5u2NdgD9AAM7A04

Auto dealers reported 690,114 sales under the federal government's $3 billion Cash for Clunkers rebate program, according to final data released Wednesday by the Department of Transportation. The total value of the rebates claimed by dealers totalled $2.88 billion.

The following is a list of the top-selling vehicles under the program, the most popular trade-ins, the share of sales for automakers and the top-selling states.

TOP SELLERS

1. Toyota Corolla

2. Honda Civic

3. Toyota Camry

4. Ford Focus front-wheel drive

5. Hyundai Elantra

6. Nissan Versa

7. Toyota Prius

8. Honda Accord

9. Honda Fit

10. Ford Escape front-wheel drive

TOP TRADE-INS

1. Ford Explorer four-wheel drive

2. Ford F-150 Pickup two-wheel drive

3. Jeep Grand Cherokee four-wheel drive

4. Ford Explorer two-wheel drive

5. Dodge Caravan/Grand Caravan two-wheel drive

6. Jeep Cherokee four-wheel drive

7. Chevrolet Blazer four-wheel drive

8. Chevrolet C1500 pickup two-wheel drive

9. Ford F-150 pickup four-wheel drive

10. Ford Windstar front-wheel drive van

TOP MANUFACTURERS OF NEW VEHICLES SOLD

1. Toyota, 19.4 percent of Cash for Clunkers sales

2. General Motors, 17.6 percent

3. Ford, 14.4 percent

4. Honda, 13 percent

5. Nissan, 8.7 percent

TOP STATES FOR SALES

1. California

2. Texas

3. New York

4. Florida

5. Illinois

[quiller4]

1. I don't disagree but most Toyotas sold in $ 4 Clunkers are

manufactured here

[TwixVoy]

2. Problem is the PROFIT

doesn't stay here.

[Godhumor]

13. Actually, MNCs generally keep all money made in a foreign country in that country

If it is large enough to do so (The car companies are). Less exposure to currency and exchange rate risk, don't have to bring money over from the foreign country, etc. Almost always, the only time the money is discuss in the context of the home country of the company is at tax time, and, even then only on paper to explain how much was made (i.e. the money does not actually transfer over there).

Long story really short and overly simplified--if Toyota makes X amount of dollars in the States almost all of the money actually stays in the States. Same with the money that Coca-Cola makes in Japan stays in Japan.

[jannyk]

12. Yep, that is until they shutter the NUMMI plant

and lay of over 5,000 US workers in a few months! Our tax dollars at work!!!!

:puke:

[FarCenter]

3. Most of the $3 billion went to dealers

Who were able to dispose of their inventory of 2009s for a lot more than they otherwise would have gotten for them.

It was an auto dealer bailout plan. They contribute a lot to your local politicans all over the country.

[Kalyke]

4. I wish Ford would hire me for PR and marketing.

The fact that so many Americans still think overpriced Japanese cars which break down as much (if not more), but cost more to fix and more to maintain are better than American automobiles is a failure in PR.

There is no reason, ever, to buy a "rice burner."

[Vincardog]

5. There is no reason to use derogatory language

[Shandris]

7. Correct me if I'm wrong but...

...aren't the vast majority of 'foreign' autos now built in part or near entirety here in the states? Everything from Toyota to Nissan to Hyundai to...what, Renault I think. I suppose you can argue about where the profits go, but the people employed by these companies are spending locally which, in turn, allows more orders to be placed and those orders are likewise filled locally.

I can see (in hindsight) that perhaps some kind of requirement of where the profits were directed, but really all that would require is creative accounting at best, wouldn't it?

[louis-t]

9. Hate to disagree with you (on 2 levels)

I've had 2 Hondas, only replaced brake pads and timing belt on both. Put over 100,000 miles on both. Been driving Fords for 15 years (2 Lincolns and currently a Mercury Sable). Before that I had a Caddy (Oy, the repair bills!)Repair bills are putting me in the poorhouse. Town Car rotors were too thin (weight reduction), one good hard stop and they warped. Couldn't turn them more than once. $90 each plus labor. That was 10 years ago. Sable just blew a power steering hose, $250 part, $200 labor. No aftermarket part available, this year and model only. Granted, the Hondas I drove were a lot simpler vehicle. I could actually tune them up myself, could actually SEE the spark plugs.

Oh, and the "rice burner" remark was totally uncalled for. Even Limbaugh once corrected a guy that said "Jap" on his show.

[trumad]

10. You have no idea what you are talking about...

[kctim]

6. Just wait until the repo's start up

encouraging people to go into debt was a terrible move. The fact that most of them went into debt to help a foreign country/company is just the icing on this turd cake.

[TheCoxwain]

8. All the vehicles traded in are American - Most of the purchased vehicles are Foreign.

oops

[global1]

11. Any Figures On How Much Oil We'll Not Have To Use Because Of The Newer......

more fuel efficient cars?

[TwixVoy]

14. Considering it represented about 0.1% of all cars

probably not very much.

[taterguy]

16. How much of the oil used in newer cars was oil we "had" to use?

Lots of the trips that we use cars for could be done with other methods if we weren't so damn lazy.

[JVS]

15. Considering GM's bankruptcy, and the fact that Chrysler doesn't even offer a compact....

American companies are lucky to have made the kind of sales they did.