Tuesday, August 4, 2009

Cash for Clunkers car list is out

The CARS program may be out of cash, but reports show that the program may have boosted some sales revenue for some hurting car manufactures and dealerships.

The top 10 list of cars that replaced the exchanged clunkers includes:

1. Ford Focus
2. Honda Civic
3. Toyota Corolla
4. Toyota Prius
5. Ford Escape
6. Toyota Camry
7. Dodge Caliber
8. Hyundai Elantra
9. Honda Fit
10. Chevy Cobalt

The White House warned yesterday that the Cash for Clunkers program would likely be gone by Friday if more money is not shoveled into it. The House has approved an extra $2 billion for the program already. Now it is just waiting for Senate approval. Several Senators are saying they will not back the program. Many conservatives see it as another government bailout that will have long-term consequences. Environmentally speaking, the program is doing a lot for the fuel economy of the US as consumers replace gas guzzlers with more efficient cars.

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