8:01 PM


Posted by Skye |

Via Fox News - Cash for Clunkers a success for foreign car dealers:

The Obama administration has declared the wildly popular 'Cash for Clunkers' program a success, saying it has revived the country's ailing auto industry and taken polluting vehicles off the road.

But the data shows that the program, which ends Monday, has apparently benefited foreign automakers more than their U.S. counterparts.

Smaller, more fuel efficient vehicles like the Toyota Corolla are top sellers, while buyers are trading in SUV's like the Ford Explorer to be scrapped, turning the already dwindling number of American car owners into the growing ranks of foreign car drivers.

Toyota vehicles accounted for 19.2 percent of the 489,269 sales, while General Motors had the second spot at 17.7 percent.

I will admit I love my Mini Cooper, so this comes as no surprise to me.

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