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Old 08-22-2009, 11:37 AM   #1 (permalink)
Bakemono
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Toyota biggest beneficiary of clunker cash

http://www.detroitnews.com/article/2...f+clunker+cash
Quote:
Washington -- Detroit automakers continue to lose ground to foreign rivals in the latest tally of "cash for clunkers" sales.
Detroit automakers' share of sales fell from 42.1 percent as of Aug. 14 to just 41 percent Friday in the $3 billion program.
U.S. automakers have been hamstrung by short inventories of more fuel efficient vehicles and have boosted production.
As of 7 a.m. Friday, dealers had submitted 489,269 vouchers seeking $2.04 billion. The program ends at 8 p.m. Monday. White House spokesman Robert Gibbs said Friday the program cannot be extended a second time.
"There's no way to get additional money with Congress out of town," Gibbs said.Michigan dealers have sought $103 million in vouchers, fourth highest in the United States. California is first with $218 million.
Toyota is the clunker replacement leader: Of all vehicles sold under the program, 19.2 percent were Toyotas. General Motors was in second place, at 17.7 percent.
The Toyota Corolla remains the top-selling vehicle in the program, followed by the Honda Civic, Ford Focus FWD and Toyota Camry.
But the Hyundai Elantra jumped to the top five for the first time, and the Toyota Prius fell to sixth.
Rounding out the top 10 are the Nissan Versa, Ford Escape FWD, Honda Fit and Honda CR-V 4WD.
The Transportation Department noted that 54 percent of the top 10 clunker replacement vehicles were manufactured in the United States: the Corolla, Focus FWD, Camry, Ford Escape FWD and Honda CR-V 4WD.
Hybrid vehicles account for 4.5 percent of new vehicles purchased under the program compared to 3 percent of June's new-vehicle sales.
" 'Cash for clunkers' is a program that has worked," United Auto Workers President Ron Gettelfinger said Friday.
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