The brilliance of the Obama's cash for clunkers program, designed to help the ailing auto industry is brought home by this top 10 list of cars purchased under the program:
TOP SELLERS1. Toyota Corolla
2. Honda Civic
3. Toyota Camry
4. Ford Focus front-wheel drive
5. Hyundai Elantra
6. Nissan Versa
7. Toyota Prius
8. Honda Accord
9. Honda Fit
10. Ford Escape front-wheel drive
Hey, wait a minute, where's all of those Chevys and Dodges?? Somewhere down in the list are the GM products because the big trucks always sell. GM came in second overall in percentage sales behind Toyota and ahead of Ford, Honda, and Nissan. Part of the problem was the timing of the Debt for Clunkers roll out in July when many car companies are low on stock. This really hurt GM and Chrysler because of production cutbacks during their bankruptcy proceedings. Ford, which took no tax payer money, was not hurt so bad.
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