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Sunday, August 09, 2009
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The American Clunkers for Foreign Cars Program

I have to admit, one of my favorite statistics so far to come out of the "Cash for Clunkers" program is this one:

Under the government's "cash for clunkers" program as of Aug. 5:

TOP VEHICLES PURCHASED

  1. Toyota Corolla
  2. Ford Focus FWD
  3. Honda Civic
  4. Toyota Prius
  5. Toyota Camry
TOP TRADE-INS
  1. Ford Explorer 4WD
  2. Ford F150 Pickup 2WD
  3. Jeep Grand Cherokee 4WD
  4. Jeep Cherokee 4WD
  5. Dodge Caravan/Grand Caravan 2WD

So 4 out of the 5 top vehicles purchased were foreign cars made by non-union workers, and 5 out of 5 junked cars turned in were American made.  I wonder if Congress had this in mind when they created the program?

Update:  Please see a correction in this post.

# Posted at 2:17 PM by Nick  |  Comment Feed Link 2 Comments  |  No Trackbacks

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Sunday, August 09, 2009 8:03:17 PM (Central Daylight Time, UTC-05:00)
Since the program was based on mileage and efficiency, it kind of shows how far the CEO's of the Big Three had their heads up their arses, doesn't it.
capper
Monday, August 10, 2009 8:58:12 AM (Central Daylight Time, UTC-05:00)
No, Congress didn't have that in mind. They removed the "Buy American" clause from the bill. My understanding is that most of the purchased vehicles still would have qualified because they are made in North America, albeit by non-union workers. Only one of the top 5 that isn't is the Prius.
Joel
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