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Bill Freehling is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Bill Freehling.

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August 17th, 2009, 12:21 pm

‘Cash for Clunkers’ statistics

I’m doing an article for tomorrow’s FLS on area auto dealers having a hard time getting reimbursed by the federal government for their "Cash for Clunkers" deals. Consumers can get up to $4,500 off the price of a more fuel-efficient new car if they turn in an older gas guzzler. The consumer gets the discount on the spot, but the dealerships have to submit paperwork to get reimbursed by the government, which has allocated $3 billion to the program. From my conversations so far it appears that Fredericksburg-area dealers are owed millions of dollars in government reimbursements, and most have seen little if any of the money so far. 

Here are some statistics on the program as of Friday morning from the U.S. Department of Transportation:

Dealer Transactions (7:35 a.m. EST)

Number Submitted:  358,851

Dollar Value:  $1.5 billion

Top 10 New Vehicles Purchased

  1. Toyota Corolla
  2. Honda Civic
  3. Ford Focus FWD
  4. Toyota Camry
  5. Toyota Prius
  6. Hyundai Elantra
  7. Ford Escape FWD
  8. Honda Fit
  9. Nissan Versa
  10. Honda CR-V 4WD

New Vehicles Manufacturers

Toyota                    18.9%

General Motors         17.6%

Ford                        15.4%

Honda                     12.9%

Chrysler                   9.1%

Nissan                     7.4%

Hyundai                   6.7%

Kia                          3.7%

Subaru                     2.4%

Mazda                      2.2%

Volkswagen               2.0%

Suzuki                      0.5%

Mitsubishi                  0.4%

MINI                         0.3%

Smart                       0.2%

Volvo                        0.1%

All Other                    <0.1%

 

  • Over half (54%) of the top ten new models purchased under the program were manufactured in the U.S.
  • Overall, about 52% of new vehicles purchased under the program were manufactured in the U.S.
  • Hybrid vehicles accounted for 4.5% of new vehicles purchased under the program compared to 3% of all new vehicle sales in June 2009.

Top 10 Trade-in Vehicles

  1. Ford Explorer 4WD
  2. Ford F150 Pickup 2WD
  3. Jeep Grand Cherokee 4WD
  4. Jeep Cherokee 4WD
  5. Ford Explorer 2WD
  6. Dodge Caravan/Grand Caravan 2WD
  7. Chevrolet  Blazer 4WD
  8. Ford F150 Pickup 4WD
  9. Chevrolet C1500 Pickup 2WD
  10. Ford Windstar FWD Van

Vehicles Purchased by Category

Passenger Cars:   208,378

Category 1 Truck:  124,187

Category 2 Truck:    22,157

Category 3 Truck:         883

 

Vehicle Trade-in by Category

Passenger Cars:      60,365

Category 1 Truck:  233,704

Category 2 Truck:    58,154

Category 3 Truck:     3,506

Thus far, 83% of trade-ins under the program are trucks, and 59% of new vehicle purchases are cars. The program is working far better than anyone anticipated at moving consumers out of old, dirty trucks and SUVs and into new more fuel-efficient cars.

 

Average Fuel Economy

New vehicles Mileage:  25.0 MPG

Trade-in Mileage:  15.8 MPG

Overall increase:  9.2 MPG, or a 58% improvement

Cars purchased under the program are, on average, 19% above the average fuel economy of all new cars currently available, and 60% above the average fuel economy of cars that were traded in. This means the program is raising the average fuel economy of the fleet, while getting the dirtiest and most polluting vehicles off the road. 

Requested Voucher Dollar Amount by State:

ALABAMA

$16,543,000

ALASKA

$2,996,000

ARIZONA

$19,721,500

ARKANSAS

$12,319,500

CALIFORNIA

$152,376,500

COLORADO

$18,251,000

CONNECTICUT

$20,685,000

DELAWARE

$4,758,000

DISTRICT OF COLUMBIA

$45,500

FLORIDA

$70,652,000

GEORGIA

$34,871,000

GUAM

$86,000

HAWAII

$3,698,500

IDAHO

$6,862,000

ILLINOIS

$74,967,500

INDIANA

$37,015,000

IOWA

$22,790,500

KANSAS

$18,134,500

KENTUCKY

$21,857,000

LOUISIANA

$14,344,000

MAINE

$9,729,000

MARYLAND

$34,425,000

MASSACHUSETTS

$31,633,000

MICHIGAN

$80,621,500

MINNESOTA

$48,472,500

MISSISSIPPI

$6,202,500

MISSOURI

$34,803,500

MONTANA

$3,896,000

NEBRASKA

$13,812,500

NEVADA

$6,483,000

NEW HAMPSHIRE

$12,264,500

NEW JERSEY

$45,701,500

NEW MEXICO

$6,537,000

NEW YORK

$76,952,000

NORTH CAROLINA

$42,548,500

NORTH DAKOTA

$5,758,000

OHIO

$76,343,000

OKLAHOMA

$18,569,000

OREGON

$22,972,500

PENNSYLVANIA

$74,054,500

PUERTO RICO

$447,500

RHODE ISLAND

$5,504,500

SOUTH CAROLINA

$18,998,000

SOUTH DAKOTA

$6,559,000

TENNESSEE

$26,701,000

TEXAS

$91,120,000

UTAH

$12,175,000

VERMONT

$5,108,500

VIRGIN ISLANDS

$798,000

VIRGINIA

$47,539,000

WASHINGTON

$31,009,000

WEST VIRGINIA

$7,272,500

WISCONSIN

$42,682,500

WYOMING

$1,220,000

Permalink: http://news.fredericksburg.com/businessbrowser/2009/08/17/cash-for-clunkers-statistics/

  • fireball

    I bough a 2010 Honda Odyssey EX-L from Pohanka Honda on 7/31. As of Friday 8/14, the dealership was still trying to finalize our CARS package. This was mainly due to the non-existence of some forms when the program was rolled out. While the program helped us get into a vehicle we were going to buy anyway, the disorganization of the program concerns me. These are the same people that want to “reform” our health insurance system?

  • mydar

    Car dealers must fill out paperwork from the Gobernmint gor a has program that has been a boon in their sales, and in many cases ensured their continued existence? And they are complaining? About waiting weeks? Fellas.

    There strong school of opinion that the car makers that made poor quality products and horrendous business decisions, year after year after year should have been allowed to die a quiet death. Instead, the Gobernmint bailed you out and saved your jobs.

    So please, stop whining. Because the only paperwork you *could have* been filling out was your own unemployment forms.

  • acabitto

    What these statistics don’t take into account is that
    the owners of the more fuel efficient cars will most
    likely drive their new fuel efficient car more miles,
    since they can afford more fuel. Also, the economic
    impact of deficit spending on this program is not
    calculated. It not only costs the $4500 dollars, plus
    the cost of “recycling” the vehicle vs reselling it, plus
    the cost of the interest the government has to pay
    to borrow that initial $4500.

  • jaeshaun

    that didnt say the ford focus was the #1 replacement vehicle.. where’d they get their information from?

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