Cash For Clunkers is finally over. The final numbers? 690,114 cars were destroyed. Was it a win for America? Sorta. Of the purchases, American cars made up less than 40%. Full details, and most traded-in and purchased cars, below.
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.
We've been watching as the amount of funds in the Cash For Clunkers kitty quickly dwindles, and now the National Automobile Dealers Association is asking for guidance because they believe there's no money left.
The second-to-last obstacle to to continuing the Cash For Clunkers program, i.e. securing another $2 billion, has been removed with the Democrats successfully stopping the Republicans from adding any amendments to a vote of 65-32.
Senate Democrats will likely approve another $2 billion for Cash For Clunkers today. The catch? Republicans will be able to vote on an amendments for the bill, including one forcing the government to sell GM and Chrysler stake.
More than $600 million has been requested for Cash For Clunkers vouchers. But where's it being requested from? Below, a state-by-state analysis of where the money's heading.
Here's the official, exclusive list of the ten most purchased and traded-in vehicles under the Cash For Clunkers program. The big winner appears to be Ford, which has the most traded-in and most purchased vehicles.
The Cash For Clunkers law requires dealers to destroy the engines of the trade-in vehicle or face a $15,000 penalty. The government's step-by-step instructions as well as graphic video of a Volvo in seemingly great condition being destroyed below.