|August 4th, 2009, 09:18 PM||#1|
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Join Date: 12-06-06
Location: Howard City
Top traded "clunker' Ford Explorer
Top clunker? The Ford Explorer
As Congress works to replenish the 'cash for clunkers' coffers, details on what drivers are trading -- and buying -- are emerging.
[Related content: savings, cars, gas mileage, car shopping, gas prices]
By MSN Money staff and wire reports
If you were wondering what America was going to do with all those Ford Explorers, wonder no longer. We're euthanizing them by the tens of thousands.
Of the top 10 vehicles traded in since the "cash for clunkers" program went live in late July, six are different model years of the once-ubiquitous Explorer, according to data collected by the Department of Transportation and reported by the Jalopnik automotive blog. Lumped together by nameplate rather than model years, its death-row companions include the big Ford F-150 and Chevrolet C1500 pickups, the Chevrolet Blazer SUV, the Jeep Cherokee and Grand Cherokee, plus the Dodge Caravan and Ford Windstar minivans.
The Explorer was for several years the nation's best-selling passenger vehicle, with more than 400,000 a year leaving showrooms in the late 1990s. The most-popular versions got around 15 miles per gallon.
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As gas prices have risen and the fortunes of all SUVs dimmed, the Explorer fell on hard times, outsold in recent years by even the Toyota Prius. And now, the prospect of up to $4,500 toward a new car has led thousands of owners to dig out the keys to the family workhorse for one final ride. (See "'Cash for clunkers': The rules.")
Though all trade-in vehicles must be in drivable condition, dealers are required to disable the vehicles' engines before scrapping them, using a lethal injection of sodium silicate to replace the oil. The car is started and revved to at least 2,000 rpm until the engine stops, from three to seven minutes.
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Gas savings about $1,100 a year
The analysis of the first 157,000 or so transactions under the Car Allowance Rebate System, or CARS, also revealed that the most-purchased new car was the Ford Focus, which gets an average of 28 mpg. The Transportation Department said the average mileage for cars to be scrapped under the program was 15.8; average mileage for their shiny replacements was 25.4 mpg.
Top purchases in 'clunker' trades and total July sales* Rank** Model Miles per gallon July 2009 July 2008
*Figures include sales unrelated to the "cash for clunkers" program. **Ranked by sales stemming from clunker trade-ins.
For a car owner driving 15,000 miles a year and swapping vehicles achieving that fuel-economy average, the savings would be 384 gallons a year, about $1,150 at $3 a gallon.
Top Stocks blog: 'Cash for clunkers' better than 'bailout for bankers'
Even just a week of cash for clunkers was enough to slow the tic, yearlong free fall in car sales. July was General Motors' best month so far this year, down just 19.4% over July 2008. Chrysler dropped only 9% -- a relief compared with declines of as much as 50% in recent months. Of course, its offer to match a clunker rebate with a $4,500 check of its own helped a lot.
Sales at Ford Motor, benefiting from an emphasis on its smaller cars and its Detroit rivals' bankruptcies, rose 2%.
"Cash for clunkers put us over the top," said George Pipas, Ford's chief sales analyst. "Lots of traffic, lots of sales."
Video: Clunkers' fate is death by poisoning
As of Monday, $563.8 million worth of rebates had been processed through the government program, representing 133,767 new vehicles, the U.S. Department of Transportation said. A backlog of applications is expected to consume the balance of the $1 billion already set aside. Proposals to add an additional $2 billion to the program are working their way through Congress, enough to spur the purchase of about 500,000 more vehicles.
"This is the one stimulus program that seems to be working better than just about any other program. It's a lifeline for automobile workers and automobile makers," Transportation Secretary Ray LaHood told CNBC.
Last edited by Shotgun; August 4th, 2009 at 09:34 PM.
|August 4th, 2009, 10:09 PM||#2|
Floor Shift Maddness!
Join Date: 01-08-08
Location: Westland Mi
this is great news for a UAW family such as mine!
the wife is going to get a shot at overtime for the first time in years! (works for ford)
the bad news is, me being a mechanic working at a independent shop will now see a slow down in work as now the people that had older cars that needed work to them are now owners of new cars with factory warranty's. i see a lot more oil changes in my future!
oh well good thing i get a guaranteed pay for now!
|August 4th, 2009, 10:20 PM||#4|
Keep on truckin
Join Date: 11-14-07
Location: Waterford, MI
|August 4th, 2009, 10:31 PM||#6|
Join Date: 12-08-05
Location: holland mi
the exploxer was trush awnyways so were the chevy 1500 trucks for years and the xj well i have part 6 of them this year so far need i say more but it is makeing it hard for me i fix old cars and part out bad ones as a side job no more cheap ones out there and roofing isnt busy glad to see my monney going over seas
|August 4th, 2009, 10:36 PM||#8|
Join Date: 11-06-05
Location: Dearborn Heights, MI
Special Thanks and Recommendations to;
PAC Racing Springs
Joint Clutch and Gear
|August 4th, 2009, 10:58 PM||#9|
Join Date: 07-18-09
Location: Midland, MI
|August 5th, 2009, 12:14 AM||#12|
so married it hurts
Join Date: 03-06-06
whoooo hoooo the top ten cars and 6 are foreign yay mocha jesus!!!!!!!!!!!!!!!!!
why don't we just all throw our belonging in ships and send them over to china like the rest of this country
|August 5th, 2009, 02:19 AM||#13|
Join Date: 11-15-05
x2 i was pissed. it should have been for American cars only to help bail out the big 3
|August 5th, 2009, 07:17 AM||#15|
Join Date: 01-16-06
Location: Birch Run/Clarkston, Mi
47% of vehicles purchased from the program were from Chrsyler, Ford, and GM
while 53% of the vehicles were from the wide range of imports.
|August 5th, 2009, 07:27 AM||#17|
Join Date: 02-18-08
Location: New Baltimore / Presque Isle
|August 5th, 2009, 07:28 AM||#18|
Join Date: 02-18-08
Location: New Baltimore / Presque Isle
|August 5th, 2009, 08:29 AM||#19|
WWSD - What would stan do
Join Date: 11-05-05
Location: Isle Of TREASURE, FL