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More on "Cash for Clunkers"

by Mike_Hanks / November 4, 2009 6:58 AM PST

"The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press."

"Owners of thousands more large old Chevrolet and Dodge pickups bought new Silverado and Ram trucks, also with only barely improved mileage in the middle teens, according to AP's analysis of sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships in every state. Those deals helped the Ford F150 and Chevy Silverado ? along with Ford's Escape midsize SUV ? climb into the Top 10 most-popular vehicles purchased with the government rebates. The most common truck-for-truck and truck-for-SUV deals totaled at least $911 million."

"The new data, obtained by the AP under the Freedom of Information Act, include details of 677,081 clunker trade-ins processed by the government through Oct. 16. More than 95,000 of the new vehicles purchased under the program ? or about one in seven ? got less than 20 mpg, according to the data."

"The new figures, requested four months ago by the AP, represent the first substantial outside accounting of the clunkers program, lauded by the White House and the Transportation Department for improving fuel economy, stimulating sales and taking the dirtiest vehicles off the road. The data show the average fuel economy was 15.8 mpg for the old vehicles and 24.9 for the new ones. But plenty of consumers bought relatively low-mileage trucks and SUVs with the help of government checks.

"If we're looking for the environmental story here, we're going to be disappointed," said Jeremy Anwyl, chief executive at Edmunds.com, an analyst firm. "It might have started out from the perspective of improving the environment, but it got detoured as a way to stimulate the economy.""

http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/us_cash_for_clunkers

Combined with the Edmunds.com story, it kind of sucks the "new car" smell right out of this program

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You mean....
by EdHannigan / November 4, 2009 7:17 AM PST

people didn't trade in their old Suburbans for Priuses? Incredible! Bear in mind that these are the geniuses who are planning to run the massive new Health Care system, and further on down the road, Cap and Trade!

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RE: "The new figures, requested four months ago by the AP
by JP Bill / November 4, 2009 9:25 AM PST

"The new figures, requested four months ago by the AP, represent the first substantial outside accounting of the clunkers program

So the Edmunds.com figures from a couple weeks ago were chopped liver?

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Did you notice this in the article?
by JP Bill / November 4, 2009 10:05 AM PST
"If we're looking for the environmental story here, we're going to be disappointed," said Jeremy Anwyl, chief executive at Edmunds.com, an analyst firm. "It might have started out from the perspective of improving the environment, but it got detoured as a way to stimulate the economy."

Popular high-mileage commuter cars including the Toyota Corolla, Honda Civic, Toyota Camry and Ford Focus also were among the Top 10 most popular new vehicles bought under the four-week program, with 105,280 of those models sold for a total of about $2 billion.


They all didn't switch from 1 truck to another truck, and they also mention stimulating the economy.
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Maybe they'll be saying same about govt healthcare later.
by James Denison / November 4, 2009 8:37 PM PST

"We didn't do it just to be sure everyone was covered, but when it failed to achieve that objective, we decided it was done to help stimulate the medical and pharmaceutical industry."

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CARS didn't do much of either...
by EdHannigan / November 4, 2009 9:12 PM PST

That's the story here. Some prefer to deny reality.

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didn't do much
by JP Bill / November 4, 2009 10:10 PM PST

Not for everybody...but it did for some.

As he opened his mailbox/checked his email looking for approval of his $4500 credit for the Cash For Clunkers Program.

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