Ford F-150 Dominated Cash For Clunker Swaps

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Trading an old Ford F-150 pickup truck for a new F-150 pickup was the most common swap under the Cash for Clunkers program, according to the Associated Press. More than 8,000 of these swaps took place under the program, which lead to fuel-economy gains of 1-2 mpgs. The news organization analyzed the just-released details of the Cash for Clunkers transactions.

The F-150 swaps lead to a roughly 15% improvement in fuel economy. Overall, the program’s gains averaged 9.2 mpg or a 58% improvement.

The F-150 has also been the best-selling vehicle in the U.S. for years if not decades, which may have slanted the results as well.

The AP also discovered $562,500 in Clunkers cash went to deals that did not meet the program requirements. The U.S. Department of Transportation is investigating those transactions, which accounted for .018% of the $3 billion program.

AP IMPACT: Clunker pickups traded for new pickups (AP)
By David Thomas | November 5, 2009 | Comments (4)

Comments 

From reading the AP article, it looked like they were mixing old and new MPG estimates to find things that didn't meet requirements, and that they were mixing city, highway, and overall figures. Unless it was just presented strangely in their text, their conclusion might be entirely wrong.

Maybe KT could double-check all of that.

On the truck side the variations in mileage were likely due to cab/bed configurations and optional engines, diesels etc. as the the half a million in erroneous swaps, that's a different story. I still say that amount of $ vs the entirety of the program is probably the least amount of govt waste in history ;)

Also the F-150 for F-150 number was 8000 swaps out of nearly 700,000 or so.

While it makes a good story/headline, once they added trucks as eligible into the program before it launched, this result should have been expected.

mike

I've always had a problem with Cash4Clunkers. To me it seems to go against simple supply and demand economics. How can we push all of these new cars into a market already saturated with used and repossessed vehicles (see www.repofinder.com)? Now new cars are worth even less, we have more Amerians in debt, and eventually more repossessions.

Charlie

Obama should be brought up on treason charges and soon. No jobs and spending OUR money like a welfare queen on crack.

As Edmunds proved the program was a bad idea. I can't believe I voted for the fool as he had barely 150 days of experience. What a fraud!

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