Edmunds.com put together some numbers on the Cash for Clunkers program so far and some of the results have been very positive.
The average fuel economy of a new car bought with the CARS program is 23.2 mpg, while the average fuel economy was 21.8 before the program. Trade-ins before the CARS program averaged 20.0 mpg, while the average trade-in during the program was 18.3 mpg. And the dealers are seeing a 20% increase in gross profit per deal.
Source: Clunker sales pace cannot be sustained, Edmunds.com says - Automotive NewsSource URL: http://ashesgarrett.blogspot.com/2009/08/cash-for-clunkers-positive-results.html
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The average fuel economy of a new car bought with the CARS program is 23.2 mpg, while the average fuel economy was 21.8 before the program. Trade-ins before the CARS program averaged 20.0 mpg, while the average trade-in during the program was 18.3 mpg. And the dealers are seeing a 20% increase in gross profit per deal.
Source: Clunker sales pace cannot be sustained, Edmunds.com says - Automotive NewsSource URL: http://ashesgarrett.blogspot.com/2009/08/cash-for-clunkers-positive-results.html
Visit ashes garrett for Daily Updated Hairstyles Collection
