As the Cash For Clunkers program begins to screech to a halt we again take a look at the most traded-in, most purchased vehicles and other fun stats.
According to the latest stats provided by the Department of Transportation, as of this morning there were 489,269 vehicles traded in with a dollar value of $2.038 billion out of a total available $2.875 billion for cars and non-Class 3 trucks. However, there's a fear this number doesn't reflect the total number of deals because many remain to be processed, which is why the feds decided to end the program Monday night at 8:00 pm.
Despite the deadline, dealers are already being told not to agree to more sales unless the paperwork is already in order. There's also a strain being put on dealers who, though profiting from the bill, have fronted a lot of money on the assumption of being paid by the government, when in reality less than 10% of the reported deals have been repaid. In fact, both GM and Mazda are reimbursing dealers until the Federal government cuts them a check so they're able to maintain enough cash to stay in business.
The most traded-in vehicle is still the Ford Explorer 4WD and the most purchased vehicle is now the Toyota Corolla, replacing the Ford Focus. For the list of the most popular trade-in vehicles click on the Explorer, for the list of purchased vehicles click on the Corolla.
This data is as of August 21st at 7:07 am. Click next to see the most purchased vehicles.
Photo Credit: David McNew/Getty Images
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
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