FI showroom red and grey logo
MenuMENU
SearchSEARCH

Cash for Clunkers Ends With Nearly 700,000 Car Sales

The Car Allowance Rebate System (CARS) ended Aug. 25 with nearly 700,000 in car sales and rebate applications worth $2.8 billion, according to the U.S. Department of Transportation.

by Staff
August 27, 2009
3 min to read


WASHINGTON — The Car Allowance Rebate System (CARS) ended Aug. 25 with nearly 700,000 in car sales and rebate applications worth $2.8 billion, according to the U.S. Department of Transportation.

The total amount from rebate applications is less than the $3 billion provided by Congress to run the program. Meanwhile, cars made in America topped the most-purchased list, from the Ford Focus to the Toyota Corolla to the Honda Civic.

Ad Loading...

“American consumers and workers were the clear winners thanks to the cash for clunkers program,” said U.S. Transportation Secretary Ray LaHood. “Manufacturing plants have added shifts and recalled workers. Moribund showrooms were brought back to life and consumers bought fuel efficient cars that will save them money and improve the environment.”

“This is one of the best economic news stories we’ve seen and I’m proud we were able to give consumers a helping hand,” he added.

According to a preliminary analysis by the White House Council of Economic Advisers, the CARS program will:

  • Boost economic growth in the third quarter of 2009 by 0.3 - 0.4 percentage points at an annual rate thanks to increased auto sales in July and August.

  • Will sustain the increase in GDP in the fourth quarter because of increased auto production to replace depleted inventories.

Ad Loading...
  • Will create or save 42,000 jobs in the second half of 2009. Those jobs are expected to remain well after the program’s close.

Ford and General Motors recently announced production increases for both the third and fourth quarters as a result of the demand generated by the program. Honda also said it will be increasing production at its U.S. plants in East Liberty and Marysville, Ohio and in Lincoln, Ala.

In addition, the program provides good news for the environment. That’s because 84 percent of consumers traded in trucks and 59 percent purchased passenger cars. The average fuel economy of the vehicles traded in was 15.8 miles per gallon and the average fuel economy of vehicles purchased is 24.9 mpg. – a 58 percent improvement.

With the end of transactions under the program, the Department of Transportation is augmenting a team that already includes more than 2,000 people processing dealer applications for rebates.

Dealer Transactions

Ad Loading...

Number Submitted: 690,114

Dollar Value: $2.8 billion

Top 10 New Vehicles Purchased

1. Toyota Corolla

2. Honda Civic

Ad Loading...

3. Toyota Camry

4. Ford Focus FWD

5. Hyundai Elantra

6. Nissan Versa

7. Toyota Prius

Ad Loading...

8. Honda Accord

9. Honda Fit

10. Ford Escape FWD

Top 10 New Vehicles Manufacturers

1. Toyota 19.4%

Ad Loading...

2. General Motors 17.6%

3. Ford 14.4%

4. Honda 13.0%

5. Nissan 8.7%

6. Hyundai 7.2%

Ad Loading...

7. Chrysler 6.6%

8. Kia 4.3%

9. Subaru 2.5%

10. Mazda 2.4%

Top 10 Trade-in Vehicles

Ad Loading...

1. Ford Explorer 4WD

2. Ford F150 Pickup 2WD

3. Jeep Grand Cherokee 4WD

4. Ford Explorer 2WD

5. Dodge Caravan/Grand Caravan 2WD

Ad Loading...

6. Jeep Cherokee 4WD

7. Chevrolet Blazer 4WD

8. Chevrolet C1500 Pickup 2WD

9. Ford F150 Pickup 4WD

10. Ford Windstar FWD Van

Ad Loading...

84% of trade-ins under the program are trucks, and 59% of new vehicles purchased are cars.

Top 10 States by Requested Voucher Dollar Amount

California

$326,822,000

Texas

$183,776,500

New York

$156,292,000

Florida

$146,565,000

Illinois

$143,613,000

Pennsylvania

$138,651,500

Ohio

$136,267,000

Michigan

$132,407,500

New Jersey

$103,375,500

Virginia

$98,523,500

More F&I

Laptop computer on a desk with a notepad and pen next to it and a whiteboard in the background
Digital•by Rick McCormick•October 15, 2026

AI: Facilitator, Not Fixer, in F&I

The dealerships that thrive in the years ahead will be those that embrace technology while continuing to invest in the people who make customer interactions count.

Read More →
Headshot mockup thumbnail.
F&I•October 1, 2026

Modern Technology Objection Handling

In this video, Trent White shares how to confidently handle technology-based objections by helping customers understand the value of protection, even with modern vehicle technology.

Read More →
man standing in front of podium
F&I•by Lauren Lawrence•October 1, 2026

Consistency at Scale: Driving F&I Performance

With 75 rooftops across the Sunshine State, Morgan Auto Group has proven to Floridians that it knows a thing or two about driving performance in a competitive market. But it didn’t start at the top.

Read More →
Ad Loading...
Insurance contract signature page with black inkpen on top
F&I•by Hannah Mitchell•September 22, 2026

Gitty Up on GAP

The foundational finance-and-insurance product hasn’t kept up with the latest conditions for auto dealers. Is the time ripe?

Read More →
Easycare White paper cover See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability
Sponsored•September 8, 2026

How AI-Powered Coaching Is Transforming F&I Performance

See how AI-powered coaching can turn F&I customer conversations into actionable insights that support compliance, performance and profitability

Read More →
Assurant, Sell Value Build Trust, F&I Series, Expert Trainer Trent White
F&I•September 2, 2026

Sell Value, Build Trust

In this video, Trent White explains why selling on value, not fear, builds lasting customer trust, reduces cancellations, and drives long-term success.

Read More →
Ad Loading...
2026 StoneEagle summary
F&I•by Hannah Mitchell•August 31, 2026

F&I Sales Give Dealers First-Half Lift

Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.

Read More →
man with white hair and glasses delivering a speech standing next to a podium
F&I•by Lauren Lawrence•August 31, 2026

Targeted Training Drives Results

Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.

Read More →
Man's hand holding pen over a paper document
F&I•by Justin B. Gasman•August 20, 2026

Double the Change, Double the Chance

When an F&I manager gets a customer refusal, it’s a wise move to tweak more than one thing in the product offering.

Read More →
Ad Loading...
Laptop computer, tablet, calculator and notebook on a desk
F&I•by John Tabar•August 20, 2026

Just Do It

F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.

Read More →