Toyota Pulls Ahead in Cash for Clunkers Sales
Toyota has inched ahead in terms of which automaker is benefiting most from the Cash for Clunkers program. With 358,851 deals submitted to the government through the Car Allowance Rebate System at a value of $1.5 billion, Toyota has the largest share of cars purchased, at 18.9%.
GM is in second place with 17.6% of all sales, followed by Ford (15.4%), Honda (12.9%) and Chrysler (9.1%).
The average fuel economy of the vehicles being purchased is 25 mpg, while the average combined mileage number for the cars being scrapped is 15.8 mpg.
The top-selling car under the program is the Toyota Corolla, followed by the Honda Civic, Ford Focus, Toyota Camry and Toyota Prius. The top vehicles being traded in are the Ford Explorer 4WD, Ford F-150 2WD, Jeep Grand Cherokee, Jeep Cherokee and Ford Explorer 2WD.
Toyota Selling Most Cars in Clunker Plan (Detroit Free Press)