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AP IMPACT: Clunker pickups traded for new pickups

Yahoo! Finance -- WASHINGTON (AP) -- The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.
The single most common swap -- which occurred more than 8,200 times -- involved Ford F150 pickup owners who took advantage of a government rebate to trade their old trucks for new Ford F150s. They were 17 times more likely to buy a new F150 than, say, a Toyota Prius. The fuel economy for the new trucks ranged from 15 mpg to 17 mpg based on engine size and other factors, an improvement of just 1 mpg to 3 mpg over the clunkers.

Owners of thousands more large old Chevrolet

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Submitted Nov 05, 2009 By: comprof

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REPLIES (newest first)

gas_too_high Champion Author Columbus Posts:3,244 Points:821,095 Joined:Aug 2005	Message Posted: Nov 5, 2009 9:18:48 AM Ignore gas_too_high Report Abuse Wow, so people traded old gas-guzzlers for new gas-guzzlers!
albert2008 Champion Author Winnipeg Posts:1,554 Points:353,705 Joined:Sep 2008	Message Posted: Nov 5, 2009 8:45:40 AM Ignore albert2008 Report Abuse i guess its a good up grade
toyrunner300 Champion Author Calgary Posts:1,205 Points:848,550 Joined:Jan 2007	Message Posted: Nov 5, 2009 8:06:05 AM Ignore toyrunner300 Report Abuse The government did it to clean a little and to boost sales, so in a way they did good. Should have been different with the biggest stimulus for a gain of 10mpg at least...
TomT2Lee Champion Author Cincinnati Posts:3,146 Points:1,021,010 Joined:Sep 2005	Message Posted: Nov 5, 2009 7:35:36 AM Ignore TomT2Lee Report Abuse Why anyone could think for even the briefest moment that a program sponsored by the government would bring good is beyond me.
MRast01 All-Star Author Greensboro Posts:537 Points:92,615 Joined:Aug 2009	Message Posted: Nov 5, 2009 7:27:46 AM Ignore MRast01 Report Abuse They couldn't think it out; they were sitting on their brains. It was just another program to waste our tax dollars.
mark1962 All-Star Author Albany Posts:683 Points:160,020 Joined:Sep 2009	Message Posted: Nov 5, 2009 6:38:44 AM Ignore mark1962 Report Abuse gas guzzlers for gas guzzlers. Boy that didn't work so well. They should have thought it out much better.
BH24 Champion Author Arkansas Posts:4,930 Points:1,116,675 Joined:May 2005	Message Posted: Nov 5, 2009 6:33:01 AM Ignore BH24 Report Abuse A more accurate term for the "Cash For Clunkers" scam should have been "Trauma For Tax Payers".
ttwiw Champion Author Austin Posts:1,396 Points:766,790 Joined:Sep 2005	Message Posted: Nov 5, 2009 6:28:24 AM Ignore ttwiw Report Abuse Gee, I feel so happy about how my tax dollars were spent on this Cash for Clunkers program (NOT!!!)
vamike Champion Author Virginia Posts:1,256 Points:314,820 Joined:Dec 2008	Message Posted: Nov 5, 2009 5:29:49 AM Ignore vamike Report Abuse Another government program sold to us with much hype that turned out to be less than promised. Many of the new cars bought were foreign.
granitestater Champion Author New Hampshire Posts:3,069 Points:462,375 Joined:Oct 2008	Message Posted: Nov 5, 2009 4:33:06 AM Ignore granitestater Report Abuse Wasn't there supposed to be a significant difference in mpg between the old and new vehicles involved in the clunker program?
GMVAN All-Star Author Calgary Posts:940 Points:252,980 Joined:Apr 2009	Message Posted: Nov 5, 2009 3:21:14 AM Ignore GMVAN Report Abuse Every little helps!