Cash for Clunkers: Toyota?

According to some consumer inquiry results Toyota leads consumer interest for new car purchases in Cash for Clunkers sales. Do you know which car is the top vehicle purchased through the "cash for clunkers" program?

asked by Zaira in Buying & Selling | 5642 views | 08-12-2009 at 02:38 AM

The Department of Transportation said the Toyota Corolla has overtaken the Ford Focus as the top new vehicle purchased through the "cash for clunkers" program.

That means foreign automakers produce five of the six top-selling vehicles, although several of those, including the Camry, are built in the United States or Canada.

The data could fuel more opposition among senators who are set to vote on an additional $2 billion for the program by the end of the week. As of Wednesday, clunker trade-ins totaled 184,304 vehicles sold and had consumed $775.2 million of the program's $1 billion budget, according to the Transportation Department.

Some Republicans have criticized the program as subsidizing sales for foreign manufacturers. To counter that, the Obama administration had touted that "cash for clunkers" buyers were choosing the Ford Focus more than any other vehicle.

Administration officials also had noted that Ford, General Motors and Chrysler accounted for 47 percent of the vehicles purchased, slightly above their U.S. market share. In the new data, that figure has dropped to 45 percent, which equals their market share.

Still, GM cars accounted for the highest percentage of "cash for clunkers" sales, with 18.7 percent, followed by Toyota, Ford, Honda and Chrysler.

And "well over half" of the vehicles produced by non-Big Three automakers were assembled in the United States, according to the Transportation Department.

answered by Felicity | 08-12-2009 at 02:40 AM

Since data collection started, Toyota has remained the leading brand on the Cash For Clunkers program. The data is based on consumer requests to have a local car dealer call them about purchasing a new car with a qualifying trade-in with the Car Allowance Rebate System (CARS).

The top five most popular brands are Toyota, Honda, Ford, Chevrolet and Nissan.

answered by Demon | 08-12-2009 at 02:43 AM

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