Friday, July 31, 2009

Cash-for-Clunkers' Impact

Here's some info. of CARS' recent impact:

--Roughly two thirds of deals have resulted in consumers receiving $4500 credit, which applied to only the most fuel efficient trades.

--During the week that the 'Cash for Clunkers' program was launched, GM's small car sales increased 54.8 percent over the preceding week.

--Toyota moved 78 percent of their Cash for Clunkers volume on vehicles that together average 30 mpg, and 39 percent of volume on the Corolla and Prius, which together average 39.5 mpg.

--Ford has seen an average of 7 mpg improvement on Clunkers trades, which represents an estimated annual fuel savings of 228 gallons per customer. The 28 mpg (EPA) Ford Focus is nearly 30 percent of all Ford's Clunker sales.

--Mazda, as of yesterday, saw 57 percent of transactions reported by dealers to be for the purchase of the MAZDA3, the brand's most fuel efficient model at 27 mpg (EPA).

- Brewskie

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