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12734308
Cash for Clunkers Final Numbers
The NHTSA issued a press release with the final numbers from the Cash for Clunkers program which is showing that the number of transaction did not exceed the $3 billion in funding.. This is good new for car dealers and consumers since the possibility of needing additional funding was discussed.
C.A.R.S. Program Statistics (PDF)
Wednesday, August 26th, 2009
Dealer Transactions
Number Submitted: 690,114
Dollar Value: $2,877.9M
Top 10 New Vehicles Purchased
- Toyota Corolla
- Honda Civic
- Toyota Camry
- Ford Focus FWD
- Hyundai Elantra
- Nissan Versa
- Toyota Prius
- Honda Accord
- Honda Fit
- Ford Escape FWD
New Vehicles Manufacturers
- Toyota 19.4%
- General Motors 17.6%
- Ford 14.4%
- Honda 13.0%
- Nissan 8.7%
- Hyundai 7.2%
- Chrysler 6.6%
- Kia 4.3%
- Subaru 2.5%
- Mazda 2.4%
- Volkswagen 2.0%
- Suzuki 0.6%
- Mitsubishi 0.5%
- MINI 0.4%
- Smart 0.2%
- Volvo 0.1%
- All Other <0.1%
Top 10 Trade-in Vehicles
- Ford Explorer 4WD
- Ford F150 Pickup 2WD
- Jeep Grand Cherokee 4WD
- Ford Explorer 2WD
- Dodge Caravan/Grand Caravan 2WD
- Jeep Cherokee 4WD
- Chevrolet Blazer 4WD
- Chevrolet C1500 Pickup 2WD
- Ford F150 Pickup 4WD
- Ford Windstar FWD Van
Vehicles Purchased by Category
- Passenger Cars: 404,046
- Category 1 Truck: 231,651
- Category 2 Truck: 46,836
- Category 3 Truck: 2,408
Vehicle Trade-in by Category
- Passenger Cars: 109,380
- Category 1 Truck: 450,778
- Category 2 Truck: 116,909
- Category 3 Truck: 8,134
84% of trade-ins under the program are trucks, and 59% of new vehicles purchased are cars. The program worked far better than anyone anticipated at moving consumers out of old, dirty trucks and SUVs and into new more fuel-efficient cars.
Average Fuel Economy
- New vehicles Mileage: 24.9 MPG
- Trade-in Mileage: 15.8 MPG
- Overall increase: 9.2 MPG, or a 58% improvement
Cars purchased under the program are, on average, 19% above the average fuel economy of all new cars currently available, and 59% above the average fuel economy of cars that were traded in. This means the program raised the average fuel economy of the fleet, while getting the dirtiest and most polluting vehicles off the road.
20 responses on “Cash for Clunkers Final Numbers”
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1353
Is there a site where I can get statistics by state? I need the number of vehicles traded in and for each vehicle, vin, mileage, fuel economy. I would also like the same information for the replacement vehicles. Thanks!
Data can’t be correct “New Vehicle Man…”, the figure everyone wants, number of vehicles turned in by manufacturer, number of vehicles purchased by manufacturer.
Robert, forgive me for being doubtful about your ability to run a better CARS program when you obviously can’t even run a spell checker.
About 85% of vehicles traded in were trucks, and about 60% of vehicles purchased were passenger cars. The proportion of trucks on the road has been reduced. CARS was intended as a stimulus for the auto manufacturers, not as just another give-away for the non-taxpaying welfare leeches. The ‘green’ angle was just eyewash.
Thanks for several good chuckles, though, I especially liked ‘desearve’ and ‘oblivian’.
The goverment just gave 3 billion to close to 3/4 of a million people who brought and drove around V8 and large trucks. For what reason. They did not desearve a give away program. The program should have been fair. Anyone who bought a 35 or above mpg gets 4500, a 30-35MPG vehicle gets 3500. 25-30 gets 2000.00 20-25 gets 1000.00. your older car had to have 120k any model acceptable.
They cut the people out of the program who already brought a semi fuel efficiant car 24 and above and gave it to all the hogs who been pushing us to oblivian. Then you see that 40% brought new gas guzzling trucks with the money. What kind of enviormental program is that. Trucks should have been baned from the sellers lists. only cars getting better than 20 MPG should have been alowed.
Paul McDonald says:
August 31, 2009 at 10:47 am
“I’m sure the Japanese just loved the cash for clunkers program since 80% of the money went to them !”
Paul,
Please elaborate. I question your assertion as fact. As a percentage of sales tied to country of origin of the nameplate, perhaps. As an actual “flow of dollars” probably not.
I’m sure the Japanese just loved the cash for clunkers program since 80% of the money went to them !
We bought a car on July 27 from a local Ford dealer. They told us to keep our clunker and they would take it when they let us take our new car. Well today is day 26. Still no car. We have been told next week some time. This as been a long stressful experience. I would never want to go through this again.
Jim says:
August 30, 2009 at 4:47 am
“Overall effect if you run the numbers this program will only reduce the us oil consumption by 0.17%. Anyone else seem to think that is not much?”
I suppose that depends on your analysis and resulting perspective. Let’s assume that your .17% (or .0017 factor) is accurate . . . let me play in Ohio Greg’s sandbox for a moment:
With Gasoline savings based on current avg of $3.32/gal = the program will pay for itself in 3.85 years.
BASED ON NATIONAL ANNUAL FUEL SAVINGS
If my Gold Wing averages 40 mpg, I could make 12.51 round trips to Jupiter.
At 55 mph, it will take me 170 million years to make the trips.
At the speed of light I can complete the 12 1/2 trips in 15 minutes. Gonna need some tight-fitting goggles for that one!
If I can get a half a million miles out of each engine, it will require 18,763 engine replacements to make the total trips. I wonder if I multitask, can I swap out an engine at 55 mph?
Enough of the bike . . .
At an avg of $3.00 per latte, the annual savings would equate to 711,000 Lattes every single day! Nationwide, ALL current Starbuck’s customers could be served for free for 3.79 months, for everything they presently buy — including newspapers and CDs.
At an average of $100,000 per home, you could pay off the mortgages on 2% of the 446,000 homes currently in foreclosure, across the U.S. Or, if we assume average delinquent balance of $5,000 each, you bring all of them current and have lots of spare change.
Based on current market capitalization you could buy General Motors 1.54 times or 3% of Ford, your choice.
Oh well, so what’s .17% anyway. And I could be wrong but it was a fun distraction regardless.
Overall effect if you run the numbers this program will only reduced the us oil consumption by 0.17%. Anyone else seem to think that is not much?
Hey Shayla,
We traded #5 for #9, don’t you just love your Honda Fit!?
I am glad to hear that they did not go over the 3 billion because we signed a contingency paper.
But honestly how on earth was it under the 3 billion? by the time we left the mid sized dealer we were at they had done 18 deals the first day. when we came back a few weeks later the guy said they had done 150+ deals.
Jali…I understand where that customer is coming from. I personally washed and waxed my clunker the day before I went to turn it in. I thought that if it looked good, it might be spared from the crusher. I still have second thoughts about trading it in…
And still no official word on what order in which they’re doing these approval processes, eh? Going on 6 weeks now and I am still without the car I put a $4000 down payment on in mid-July.
A gentleman traded in an old Ford van at my dealership for a new Sentra. While he was not my personal customer I remembered him well when I found him out amongst the clunkers a few days later. He had his son with him. They were by the van. His Dad simply said “he wanted to say goodbye to the old girl.” The boy had tears in his eyes, was sorta smiling through mild embarrassment, choked up and could not utter a word.
I told him that “the old girl was to be reborn as a new vehicle someday soon. But I understand.” I wiped my eye as I walked into the service drive.
@Shayla
Well you better call the new ole girl “ole 69″
I’m still trying to figure mine out looks like a “6~” for now.
Hooray! I’m a statistic!! I traded in a #6 for a #9.
Looks like the DOT is *still* counting FWD, 4WD and AWD powertrains in the same model as separate vehicles. The Ford Escape was the top vehicle just 3 weeks ago (counting FWD & AWD models together), and the DOT’s finally tally shows the Escape FWD as #10 by itself.
Someone will eventually get access to the actual numbers and post an amended top ten list…which will no doubt include a couple of pickup trucks and SUVs. We’ll get transparency of the CARS program…eventually!
Here is source document from the NHTSA
http://www.cashforclunkersfacts.com/wp-content/uploads/dot13309.pdf
Brian
General Motors accounts for almost 18% of all vehicles purchased, but they don’t have ONE vehicle in the top 10?
Is this a REAL list…or has it been manipulated by the government?
The previous DOT list of the top ten Cash for Clunking vehicles was manipulated for POLITICAL CORRECTNESS to eliminate SUVs and trucks. The DOT counted different powertrain and drive wheel combinations separately. For example, the DOT rates a Ford Escape with two wheel-drive as a distinct model from a Ford Escape with all wheel-drive. Did they do it with this list as well?
How the original list was manipulated:
http://www.thetruthaboutcars.com/edmunds-dots-cash-for-clunkers-top-ten-list-gets-it-wrong/