Toyota, the Most Popular Clunker Choice
The top five manufacturers include Ford, with 15.4 percent, Honda with 12.9 percent and Chrysler with 9.1 percent. As we can see, it is a battle between the Japanese and the Americans, with the first five manufacturers amounting to 73.9 percent of all cars sold under CARS.
As for the most wanted vehicles, Toyota's Corolla leads the top, followed by Honda's Civic and Ford Focus. Toyota completes its three entries in the top five with the Camry, ranked fourth and, strangely enough, Prius, which only manages to snatch the fifth place.
On the opposite side, the most traded-in vehicles are as follows: Ford Explorer 4WD, Ford F-150 2WD, Jeep Grand Cherokee, Jeep Cherokee and Ford Explorer. By looking at these two charts, we can see that American vehicles are losing the race, as they are traded in and most of them replaced with Japanese vehicles...
The happiest dealers can be found in California, where the biggest sum of money was spent on CARS: $152.4 million. Texas follows, way behind, with only $91.1 million and Michigan, the Detroit Three home state ranks third, with $80.6 million.
CARS has almost burned through half of the $3 billion approved for it. Dealers have submitted 358,851 deals by Friday, amounting to almost $1.5 billion.