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The Chip Board Archive 19

NOT picking on Ford.

In fact, I LIKE Ford. But, the F-150 for F-150 trade was the most common use of the Cash For Clunkers Program.

AP IMPACT: New 'clunker' data reveal pickup-for-pickup swaps most common under rebate program

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 and Dodge pickups bought new Silverado and Ram trucks, also with only barely improved mileage in the middle teens, according to AP's analysis of sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships in every state. Those deals helped the Ford F150 and Chevy Silverado — along with Ford's Escape midsize SUV — climb into the Top 10 most-popular vehicles purchased with the government rebates. The most common truck-for-truck and truck-for-SUV deals totaled at least $911 million.

In scores of deals, the government reported spending a total of $562,500 in rebates for new cars and trucks that got worse or the same mileage as the trade-ins — in apparent violation of the program's requirements. The government said it is investigating those reports and said in some cases they were probably entered incorrectly by dealers or based on outdated fuel economy figures.

The National Highway Traffic Safety Administration is still reviewing the reports, and any dealers that submitted invalid trade-ins will be directed to return the government rebate, spokesman Eric Bolton said Wednesday.

Messages In This Thread

Stimulus package is a huge success ..
Well at least...
So you too see the bighter side.
Why Pick On Ford?-They Refused The Handout
It's the program not the auto.
NOT picking on Ford.
You should DEFINITELY not be..
Customer Satisfaction is Job #1 vbg
errata .....
I AGREE IN PART... vbg
AMEN! Travis!!... vbg
Re: What ever happened to no higher taxes on the..
........here we go again
Better to be a lemming.
Re: ........here we go again
Not enough voters get up off the log ...
Good One John!! vbg vbg
Re: Stimulus package is a huge success ..

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