Friday, August 7, 2009

Automakers Give Rave Reviews to 'Cash for Clunkers'

With its awful name and convoluted rules, the cash-for-clunkers program might well have been a flop, yet it turned into a surprising success, even inspiring many of its critics to call for an additional $2 billion in funding. One big reason: the program boosted July 2009 sales of new cars and trucks, giving the economy a bit of a lift.

Most people are turning in their low-mileage SUV's for more fuel efficient, smaller vehicles. Do you plan to visit a car dealer to look into taking advantage of the program?

The Top Ten Cash for Clunkers Trade-Ins:
1. 1998 Ford Explorer
2. 1997 Ford Explorer
3. 1996 Ford Explorer
4. 1999 Ford Explorer
5. Jeep Grand Cherokee
6. Jeep Cherokee
7. 1995 Ford Explorer
8. 1994 Ford Explorer
9. 1997 Ford Windstar
10. 1999 Dodge Caravan

Top Ten New Cars Purchased:
1. Ford Focus
2. Honda Civic
3. Toyota Corolla
4. Toyota Prius
5. Ford Escape
6. Toyota Camry
7. Dodge Caliber
8. Hyundai Elantra
9. Honda Fit
10. Chevy Cobalt

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