Cash For Clunkers A Boom For Foreign Cars

The "Cash for Clunkers" program is now over. The government spent almost all of the 3 billion dollars it had allotted for the program and it seems that the people who benefited the most were foreign car makers. As it turned out the American public ran to the dealerships to trade in their American cars and exchange them for foreign ones. The list of the top five cars that were traded in during the program were: 1. Ford Explorer 4WD, 2. Ford F-150, 3. Jeep Grand Cherokee, 4. Ford Explorer 2WD, 5. Dodge Caravan.
The list of the top 5 cars that were purchased during the campaign are: 1. Toyota Corolla, 2. Honda Civic, 3. Toyota Camry, 4. Ford Focus, 5. Hyundai Elantra. Basically the American public threw out its American "clunkers" and replaced them with brand new foreign cars that were in most cases far more fuel efficient and more reliable overall.