C.A.R.S. Prorgram Stats
These statistics are for the cash for clunkers program and encompass all program sales through August 5, 2009. With the government announcing an extension of the program, we should see a continued push of advertising and car sales. It appears that the initial program helped stabilize the inventory situation and that going forward, the OEM channel may get into a better supply and demand situation.
Number of Cars Sold Under The Program: 184,304
Dollar Value of rebates: $775.2M
Top 10 New Vehicles Purchased
- Toyota Corolla
- Ford Focus FWD
- Honda Civic
- Toyota Prius
- Toyota Camry
- Hyundai Elantra
- Ford Escape FWD
- Dodge Caliber
- Honda Fit
- Chevrolet Cobalt
New Vehicles Manufacturers
- U.S. Big 3 market share – 45.3%
- General Motors – 18.7%
- Toyota – 17.9%
- Ford – 16.0%
- Honda – 11.6%
- Chrysler – 10.6%
- Nissan – 7.0%
- Hyundai – 6.6%
- Kia – 3.8%
- Mazda – 2.3%
- Subaru – 2.2%
- Volkswagen – 1.9%
- Suzuki – 0.4%
- MINI – 0.3%
- Mitsubishi – 0.3%
- Smart – 0.2%
- Volvo – 0.1%
- All Other – 0.1%
Just under half of the new vehicles purchased under the program were from the U.S. Big Three, while all of the top 10 trades in came from the Big 3.
The Big Three’s share in this program (45%) equals their overall market share outside of the C.A.R.S. program.
Four of the top ten selling vehicles are manufactured by the Big Three.
Of non-Big Three purchases, preliminary analysis suggests that well over half of these new vehicles were manufactured in the United States.
Top 10 Trade-in Vehicles
- Ford Explorer 4WD
- Ford F150 Pickup 2WD
- Jeep Grand Cherokee 4WD
- Jeep Cherokee 4WD
- Dodge Caravan/Grand Caravan 2WD
- Ford Explorer 2WD
- Chevrolet Blazer 4WD
- Ford F150 Pickup 4WD
- Chevrolet C1500 Pickup 2WD
- Ford Windstar FWD Van
Vehicles Purchased by Category
- Passenger Cars: 88,814
- Category 1 Truck: 52,391
- Category 2 Truck: 8,601
- Category 3 Truck: 295
83% of trade-ins under the program are trucks while 59% of new vehicle purchases are cars.
Vehicle Trade-in by Category
- Passenger Cars: 24,903
- Category 1 Truck: 99,186
- Category 2 Truck: 24,931
- Category 3 Truck: 1,081
Average Fuel Economy
- New vehicles Mileage: 25.3 MPG
- Trade-in Mileage: 15.8 MPG.
- Overall increase: 9.6 MPG, or a 61% improvement
Cars purchased through the program are 21% above the average fuel economy of all new cars currently available while 63% above the average fuel economy of cars that were traded in.
Requested Voucher Dollar Amount by State:
- ALABAMA: $7,087,000
- ALASKA: $1,166,000
- ARIZONA: $6,527,500
- ARKANSAS: $4,455,000
- CALIFORNIA: $39,926,500
- COLORADO: $7,758,000
- CONNECTICUT: $8,916,000
- DELAWARE: $1,562,000
- FLORIDA: $26,947,000
- GEORGIA: $12,469,500
- HAWAII: $963,500
- IDAHO: $3,395,000
- ILLINOIS: $33,740,000
- INDIANA: $18,729,500
- IOWA: $12,184,500
- KANSAS: $9,729,000
- KENTUCKY: $9,178,000
- LOUISIANA: $5,400,000
- MAINE: $5,450,000
- MARYLAND: $11,757,000
- MASSACHUSETTS: $13,844,500
- MICHIGAN: $44,399,500
- MINNESOTA: $30,182,500
- MISSISSIPPI: $2,431,500
- MISSOURI: $16,101,500
- MONTANA: $1,732,500
- NEBRASKA: $7,392,000
- NEVADA: $2,009,000
- NEW HAMPSHIRE: $5,474,500
- NEW JERSEY: $13,744,500
- NEW MEXICO: $2,366,000
- NEW YORK: $32,440,000
- NORTH CAROLINA: $18,472,000
- NORTH DAKOTA: $3,302,000
- OHIO: $37,653,000
- OKLAHOMA: $7,532,000
- OREGON: $10,229,500
- PENNSYLVANIA: $32,994,000
- RHODE ISLAND: $2,392,000
- SOUTH CAROLINA: $7,164,000
- SOUTH DAKOTA: $4,033,500
- TENNESSEE: $11,117,000
- TEXAS: $35,010,000
- UTAH: $5,095,000
- VERMONT: $2,376,000
- VIRGINIA: $18,376,500
- WASHINGTON: $12,351,000
- WEST VIRGINIA: $2,769,500
- WISCONSIN: $24,042,000
- WYOMING: $530,000
Great information! Thanks for posting it. The most interesting and ironic fact from the article is the fact that Michigan is turning in the most amount of clunkers. That’s fantastic.
very interesting to see the gas mileage increase 61%
They sould really call it “Cash for Trucks, SUV’s and Vans; because of the milage restrictions, hardly any cars actually qualify for the program. If your car gets over 18 miles per gallon, your vehicle is ineligible. As one poster correctly stated, it would make more sense, when establishing the criteria for the program, to take into account the difference/improvement in mileage that the new car represents over the “clunker.” This program is embracing people who are unloading an old vehicle that gets 16 miles per gallon, and hypothetically buying a new one that gets a minimume of 4 to 10 mpg improvment. The guy whose piece of crap sled gets 21 mpg with his eye on a much more fuel effecient replacement – perhaps even a hybrid – is left out in the cold. This is asinine! If you go from 17 mpg to 21 mpg, then you get a check. If you want to go from 21 mpg to, say 30 to 50 mpg, you are shit out of luck! I am amazed at the number of cars being sold. One can only imagine what the number would be if the eligibility requirements were more practical and didn’t exclude the very thing that is in the programs title…. CARS!!!
Maybe I’m not awake this morning, how does General Motors show up at 18.7 when they only have one car in the list?
Is that list showing their overall market share? If so why don’t we see percenatges of programs sales?
imromr24, you point out what the other upside of this program was about, fuel economy & the enviroment. That’s why this program is a win win for the country. It helps stimulate the economy and gets the gas guzzlers off the road (although I heard some dealerships were trying to re-sale these old vehicles which I hope is not true). What also helps is that it gets people into the show rooms that also helps sales even if they find they don’t qualify for the CfC program. This gives the saleperson a chance to show the other offers that dealerships are providing to get the overstcks off the lot. Tyler, thanks for the numbers!
You can’t possibly be that naive.
This program does NOTHING, absolutely NOTHING, to stimulate the economy of rid the road of so-called gas guzzlers.
What it is, is a gift to the car manufacturers, at taxpayer expense, to help reduce inventory.
This program has absolutely no effect, in a good way, on the economy in either the short or long term and it absolutely has no effect on reducing emissions.
It’s a piece of feel-good legislation that’s nothing more than payback to the UAW.
Boo Boo… Great to see you chime in sunshine!