The number one car folks are buying with clunker-cash: the Toyota Corolla
The AP has a list of the top ten vehicles being purchased by folks trading in their clunkers as part of the Obama Administration's "Cash for Clunkers" program. The Toyota Corolla is at the top of the list, and Ford makes it on the list twice with the Focus and the Escape. Besides those two, all of the cars are imports — Chrysler and GM cars don't even make it onto the list.
Of course, due to bankruptcies and dealer shutdowns, Chrysler and GM don't quite have the sales and industrial infrastructure that they used to — and it could just be a lack of supply that's leading to a fewer sales than other manufacturers. Most auto manufacturers have announced production increases in the wake of the clunkers program, but it's clear that some are selling more than others. Since GM and Chrysler are both re-starting old assembly shifts, they could soon have enough supply to edge their way onto that top ten list. Of course, there's another factor in all this: many consumers find GM and Chrysler to be just plain unreliable.
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