Less than half-a-day left in Cash For Clunkers and the end couldn't come soon enough. According to newest data, recorded dealer transactions jumped by nearly 30% this weekend. That, plus the top traded-in and purchased cars, below.
As of Friday morning the number of transactions submitted numbered 489,269 with a dollar value of $2.04 billion. This morning the number reached 635,186 transactions with a dollar value of $2.65 million. Was there a surge of sales over the weekend?
Almost certainly not. Dealers were warned against doing more transactions both by the NADA and the Department of Transportation. This is probably a rush of overdue paperwork from dealers who need to get the information into the Feds before it's too late. There's also likely a processing lag on the government's end as well. Whatever the cause, we'll likely not know for a few days how much money was actually spent.
We also have an updated list of traded-in and purchased cars. So far, the number of vehicles purchased have overwhelmingly been passenger cars (283,104) and category 1 trucks (166,686), with just a few category 2 (31,862) and category 3 (1,300) trucks. On the other end, the majority of vehicles turned in are category 1 trucks (318,249) and category 2 trucks (81,599) with just 78,265 passenger cars.
To see the full list of traded-in and purchased vehicles click next.
This data is as of August 24th at 7:47 am. Click next to see the ten most traded-in vehicles, then next again for the ten most purchased vehicles
Photo Credit: Ethan Miller/Getty Images
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
Top 10 New Vehicles Purchased
1. Toyota Corolla
2. Honda Civic
3. Ford Focus FWD
4. Toyota Camry
5. Hyundai Elantra
6. Toyota Prius
7. Nissan Versa
8. Ford Escape FWD
9. Honda Fit
10. Honda CR-V 4WD