Graph of the Day for May 7, 2010

"The CARS program achieved the objectives set out by Congress to increase automotive sales and aid the environment. In just a few short weeks of sales, nearly 680,000 older vehicles were replaced by new, more fuel-efficient vehicles. The nation's economy benefited immediately from this stimulus program, which caused a distinct upward movement in GDP and created or saved tens of thousands of jobs at a very critical time in the recovery process."

Car sales before, during, and after CARS (Consumer Assistance to Recycle and Save, or Car Allowance Rebate System, or "Cash for Clunkers") program

Source:  Government Accountability Office.

Hoven's Index for May 7, 2010

Top cars bought in the CARS program, as percent of total:

Toyota:  17.8%

Ford:  13.3%

Honda:  12.9%

Chevrolet:  12.7%

Nissan:  8.7%

Hyundai:  7.2%

Others:  27.4%

Source:  Government Accountability Office.

Graph of the Day Archive.