So, how did Cash for Clunkers do? - WSFA.com Montgomery Alabama news.

So, how did Cash for Clunkers do?

Posted by: John Shryock - bio | email

MONTGOMERY, AL (WSFA) - There are a lot of happy new car owners, new car dealers and new car makers right now. The federal government's extremely popular Cash for Clunkers program ended Monday night, but its impact continues.

When the program ended, some 700,000 "clunkers" had been traded for more fuel efficient automobiles. The most sought after cars included the Ford Focus, Toyota Corolla and Honda Civic.

The government's $3 billion program was just about depleted; just under $2.9 billion worth of trade-ins on the books.

"American consumers and workers were the clear winners thanks to the cash for clunkers program," said U.S. Transportation Secretary Ray LaHood. "Manufacturing plants have added shifts and recalled workers. Moribund showrooms were brought back to life and consumers bought fuel efficient cars that will save them money and improve the environment."

The White House Council of Economic Advisors released a preliminary analysis Wednesday predicting a boost in economic growth for the third quarter of 2009 by 0.3-0.4 percentage points at an annual rate thanks to increased auto sales in July and August.

They say the program will also create or save 42,000 jobs in the second half of 2009.

Some critics contend the program did nothing but set up an automotive industry bubble. Others say the loss of nearly 3/4 of a million used cars will ultimately hurt consumers as supply and demand pushes the price of pre-owned autos upwards.

The trade-ins, all in running condition until a solution is poured into the engine to permanently destroy it, will end up in scrap yards.

Secretary Lahood doesn't see a problem. "This is a win for the economy, a win for the environment and a win for American consumers."

TOP 10 VEHICLES PURCHASED                             TOP 10 VEHICLES TRADED

1. Toyota Corolla                                         1.  Ford Explorer 4WD
2.

Honda Civic

                                        2.  Ford F150 Pickup 2WD
3. Toyota Camry                                         3.  Jeep Grand Cherokee 4WD
4. Ford Focus FWD                                         4.  Ford Explorer 2WD
5. Hyundai Elantra                                         5.  Dodge Caravan 2WD
6. Nissan Versa                                         6.  Jeep Cherokee 4WD
7. Toyota Prius                                         7.  Chevrolet Blazer 4WD
8. Honda Accord                                         8.  Chevrolet C1500 Pickup 4WD
9. Honda Fit                                         9.  Ford F150 Pickup 4WD
10. Ford Escape FWD                                        10.  Ford Windstart FWD Van

The average trade-in got just 15.8 MPG, while the average new car purchased jumped to 24.9 MPG, a 58 percent improvement.

Requested Voucher Dollar Amount by State:

ALABAMA

$31,251,500

ALASKA

$4,868,500

ARIZONA

$39,542,500

ARKANSAS

$23,402,500

CALIFORNIA

$326,822,000

COLORADO

$37,676,500

CONNECTICUT

$40,114,000

DELAWARE

$11,235,000

DISTRICT OF COLUMBIA

$67,500

FLORIDA

$146,565,000

GEORGIA

$70,496,000

GUAM

$675,000

HAWAII

$7,333,500

IDAHO

$11,655,000

ILLINOIS

$143,613,000

INDIANA

$65,797,000

IOWA

$37,728,000

KANSAS

$31,496,500

KENTUCKY

$40,246,500

LOUISIANA

$33,376,500

MAINE

$16,579,500

MARYLAND

$74,903,000

MASSACHUSETTS

$64,855,000

MICHIGAN

$132,407,500

MINNESOTA

$73,160,500

MISSISSIPPI

$12,463,500

MISSOURI

$61,271,500

MONTANA

$6,461,000

NEBRASKA

$21,784,500

NEVADA

$14,582,000

NEW HAMPSHIRE

$23,045,500

NEW JERSEY

$103,375,500

NEW MEXICO

$13,941,500

NEW YORK

$156,292,000

NORTH CAROLINA

$78,601,500

NORTH DAKOTA

$8,938,000

OHIO

$136,267,000

OKLAHOMA

$37,422,000

OREGON

$37,531,500

PENNSYLVANIA

$138,651,500

PUERTO RICO

$2,252,000

RHODE ISLAND

$10,690,500

SOUTH CAROLINA

$37,207,500

SOUTH DAKOTA

$10,367,500

TENNESSEE

$50,949,000

TEXAS

$183,776,500

UTAH

$24,102,500

VERMONT

$9,879,000

VIRGIN ISLANDS

$1,553,000

VIRGINIA

$98,523,500

WASHINGTON

$55,927,500

WEST VIRGINIA

$13,477,000

WISCONSIN

$70,165,000

WYOMING

$2,513,000

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