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.
The natural assumption would be states with the largest populations would be requesting the most money from the CARS Act pool of just-under-a-billion-bucks. Actually, domestic car-producing states who have a large stake in the industry, are where most of the transactions are occurring.
According to data from the NHTSA, Michigan is the highest-ranked state in terms of spending with $34,420,500 in voucher requests through Monday afternoon. This far outpaces Ohio, which is in second with $29,274,000 in requested vouchers. California is the most populous state in the nation, but is in third with $26,433,000, followed closely by Minnesota with $26,168,000 in requests.
The smallest states do tend to correlate more closely with population, with Wyoming and Vermont near the bottom with $302,500 and $1,650,000 respectively. The division with the least number of trades? You'd think it'd be the territory of Guam, which had a singular Cash For Clunker request for a total of $4,500. It's not. The District of Columbia beats Guam out with a total of zero Cash for Clunker requests. That's right, not a single person in Washington, DC took advantage of the program. Go figure.
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Overall, Cash For Clunkers appears to have popularity across the map with the highest concentration where people are concerned with the performance of the Not-So-Big Three. That makes sense to us.
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