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Cash for Clunkers Program Closes with about 700,000Car Sales, plus Fuel Efficiency Increase

At the end of the CARS program, almost 700,000 clunkers were taken off the roads, and replaced by more fuel-efficient vehicles. With the $3 billion provided by Congress, $2.877 billion car rebate applications were submitted by the Aug. 25 deadline. The most purchased cars are those made in America, ranging from the Ford Focus to Toyota Corolla and Honda Civic.

According to available figures, 84 percent of US auto consumers

traded in their trucks and 59% purchased passenger cars.

For trade-in vehicles, the average fuel economy was 15.8 miles per gallon, while the average for vehicles purchased is 24.9 miles per gallon, representing about 58% improvement.

According to Transportation Secretary Ray LaHood, American consumers and workers are the clear winners of the clunkers program. This program also resulted in the purchase of fuel efficient cars that will help auto consumers save money, while also, improving the environment.

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