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Author Topic: Four of Top ‘Cash for Clunkers’ Model Purchases Are Foreign  (Read 2396 times)
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rrocket
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« on: August 05, 2009, 02:08:50 am »

Four of Top ‘Clunkers’ Model Purchases Are Foreign

Cliffs:  Top sellers are:  Civic, Corolla, Prius, Camry and Focus

http://www.bloomberg.com/apps/news?pid=20601087&sid=am1mj6R6tAcg
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« Reply #1 on: August 05, 2009, 02:20:39 am »

... And an economist's perspective, courtesy of Peter Schiff:

http://www.youtube.com/watch?v=gWJ2_AVXEOI&feature=related
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« Reply #2 on: August 05, 2009, 02:23:43 am »

... And an economist's perspective, courtesy of Peter Schiff:

http://www.youtube.com/watch?v=gWJ2_AVXEOI&feature=related

10 minutes!!  Can you give us the cliffs notes, please?
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« Reply #3 on: August 05, 2009, 05:27:20 am »

It will seem like a big 3 bash but oh well:

The reason the forigen car makers are reaping the benifits is indicative of why the Big 3 got into this mess in the first place. Quality Modern fuel efficient small cars. Honda Toytoa etc have them Ford GM and Chry Co do NOT.Maybe they will someday have them but right now their entries are the ancient but refced focus,Coalt/G5 ,Astra (which is sold through the lame duck Saturn brand) and the the plastic penalty box mini SUV wanna be Caliber. People can talk all they want about improvements and Malibus and CTS but in the big volume compact car arena all 3 lag behind big time. The excuse of "its coming" simply doesn't cut it. They are missing out right now. If Chevy had gotten the Cruze to market now instead of dilly dallying working on the volt maybe they would have grabbed more of this. If Ford hadn't just kept refacing the Focus maybe they would. Chrysler ..lets not go there.

At least the program seems to have some incentive. Wanna get rid of your pre 95 car (yes it needs to be 95 or older) in Nova Scotia..you can get up to $300 cash or $400-$600 towards a new "high end" commuter bike (which you can only sanley ride 6-7 months a year)
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« Reply #4 on: August 05, 2009, 09:50:13 am »

Quote
If Chevy had gotten the Cruze to market now instead of dilly dallying working on the volt maybe they would have grabbed more of this. If Ford hadn't just kept refacing the Focus maybe they would.

The Ford Focus is the top selling vehicle under the clunker program.

Try this article for the opposite spin:

Quote
The controversial and somewhat clumsy program is drawing plenty of attention for its popularity amongst car buyers, and Detroit automakers appear to be taking more than their fair share of sales. The White House says 47% of all vehicles sold through the bill so far come from US automakers; 2% higher than the domestics' 45% overall share. Four of the top 10 vehicles purchased under the program come from domestic automakers, and over half of all vehicles were built in the States.

http://www.autoblog.com/2009/08/03/report-ford-focus-is-top-selling-cash-for-clunkers-car-nearly/
« Last Edit: August 05, 2009, 09:59:10 am by Cord » Logged
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« Reply #5 on: August 05, 2009, 11:18:56 am »

Four of Top ‘Clunkers’ Model Purchases Are Foreign

Cliffs:  Top sellers are:  Civic, Corolla, Prius, Camry and Focus

http://www.bloomberg.com/apps/news?pid=20601087&sid=am1mj6R6tAcg

Where are those 5 vehicles actually made?  This starts to blur the line between "foreign" and "domestic" does it not?  Aren't some of those built in NA?

Personally I no longer worry about where the vehicle is "made" or if it is a "foreign" company.  There are a lot more factors that go into my car buying decision making process.
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« Reply #6 on: August 05, 2009, 01:16:31 pm »

... And an economist's perspective, courtesy of Peter Schiff:

http://www.youtube.com/watch?v=gWJ2_AVXEOI&feature=related

10 minutes!!  Can you give us the cliffs notes, please?

Ah, you must learn to be patient, grasshopper.  (insert something typically "zen" and wise sounding here)

The cash for clunkers part of the video is fairly early IIRC.  The interesting thing is not the rant on money going to foreign shores however indirectly but the time he takes to point out the uselessness of taking something that is paid for and works out of the hands of people who don't have much and saddling them with new debt they probably can't afford in the form of a new car loan.  Roll Eyes

Given that unpaid and impossible to pay debt is how the US economy got into trouble in the first place, how does it make sense to take on more, Schiff asks. 
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« Reply #7 on: August 05, 2009, 03:40:07 pm »

FORIGIN'NUGGEN........................ Wink Cheesy Grin Tongue No No Bang  ya ve haf CASH fer JUNKERS......TOO und also


* Yunkers big wing.JPG (134.5 KB, 640x383 - viewed 26 times.)
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« Reply #8 on: August 07, 2009, 12:54:42 pm »

I got a different list

http://money.cnn.com/2009/08/07/autos/cash_for_clunkers_sales/index.htm?postversion=2009080709

Rank Vehicle Includes Includes 4WD Includes Hybrid

1 Ford Escape Yes Yes

2 Ford Focus No No

3 Jeep Patriot Yes No

4 Dodge Caliber Yes No

5 Ford F-150 Yes No

6 Honda Civic No Yes

7 Chevrolet Silverado Yes Yes

8 Chevrolet Cobalt No No

9 Toyota Corolla No No

10 Ford Fusion Yes Yes
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« Reply #9 on: August 07, 2009, 08:35:21 pm »

Personally I no longer worry about where the vehicle is "made" or if it is a "foreign" company.  There are a lot more factors that go into my car buying decision making process.

I Agree  The car industry is too complex to be broken down into "imports" and "domestics" in any meaningful way.  What is even more difficult to deal with is when people try to assign a universal set of characteristics to "import" cars.  That's like talking about "non-English."  There's no one universal language that's "non-English."

Do people in France think of cars as falling into two general categories--"American" and "non-American"?  Each with a set of common characteristics?  Of course they don't.  Why should we?
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« Reply #10 on: August 07, 2009, 08:39:37 pm »

I got a different list

http://money.cnn.com/2009/08/07/autos/cash_for_clunkers_sales/index.htm?postversion=2009080709

Rank Vehicle Includes Includes 4WD Includes Hybrid

1 Ford Escape Yes Yes

2 Ford Focus No No

3 Jeep Patriot Yes No

4 Dodge Caliber Yes No

5 Ford F-150 Yes No

6 Honda Civic No Yes

7 Chevrolet Silverado Yes Yes

8 Chevrolet Cobalt No No

9 Toyota Corolla No No

10 Ford Fusion Yes Yes


Very interesting.  I wonder why CNN's and Bloomberg's numbers are so different?  I find CNN's more believable, because Bloomberg's includes the Prius in the top five best-sellers.  The Prius is NOT a volume model.  Toyota can easily sell every Prius it makes at the volume it makes them, no doubt about that, but Toyota doesn't make enough Priuses to compete with mass-market success stories like the Fusion and Civic.
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« Reply #11 on: August 07, 2009, 08:48:30 pm »

..People in France think the world ends Aug 1st to 31st.... mon sapristi..and after that they poke sticks at the US....... ...learn to live with it..".Zay hef kars in ..how U say... Oregano...."....Mon Citroen is tres juicy.....et le Renault  Cinq spectaculare.....
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« Reply #12 on: August 07, 2009, 09:52:07 pm »

Quote
Very interesting.  I wonder why CNN's and Bloomberg's numbers are so different?

Because CNN's numbers are based on every version of the Escape (FWD, hybrid, AWD, etc) being one model (Ford Escape) whereas the Bloomberg article just parrots the EPA numbers that separate each version of a vehicle as a separate model.

Straight from the CNN article:

Quote
The discrepancy is a result of the methods used. Edmunds.com uses traditional sales measurements, tallying sales by make and model. The government uses a more arcane measurement method that subdivides models according to engine and transmission types, counting them as separate models.

For example, the Ford Escape is available in six different versions including two- and four-wheel drive and hybrid versions. The government counts each version as a different vehicle using guidelines from the Environmental Protection Agency. Only the front wheel drive, non-hybrid version made the government's top ten list.

The Ford Escape crossover SUV, instead of being the seventh-most popular vehicle under the program, as the government ranked it, was actually the best seller, according to Edmunds.com. The government pegged the Ford Focus as the top seller.

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« Reply #13 on: August 07, 2009, 09:54:30 pm »

Quote
Do people in France think of cars as falling into two general categories--"American" and "non-American"?  Each with a set of common characteristics?  Of course they don't.  Why should we?

Do they think of cars as French and non-French?
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« Reply #14 on: August 08, 2009, 08:45:15 pm »

Quote
Do people in France think of cars as falling into two general categories--"American" and "non-American"?  Each with a set of common characteristics?  Of course they don't.  Why should we?

Do they think of cars as French and non-French?

Given that this is CarTalkCanada, maybe the better question is "do Belgians divide the entire auto industry into 'French' and 'non-French'?"

Regardless, the point I was trying to make is that, nowadays, there are no universal common characteristics between "American" cars and "import" cars, and people put waaaay too much emphasis on those labels. 
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« Reply #15 on: August 09, 2009, 08:13:47 am »

..cluck...cluck.....


* chat-en-oeuf.jpg (59.47 KB, 550x639 - viewed 21 times.)
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« Reply #16 on: August 18, 2009, 10:17:50 am »

8 out of 10 Top Cash for Clunkers New Vehicles NOT Domestic.

Top 10 Clunkers Traded In .... All Domestics


 Smiley

Toyota made 18.9 percent of all new vehicles whose clunkers deals had been submitted, the National Highway Traffic Safety Administration said in its second report on the incentive. GM accounted for 17.6 percent as of Friday, down from 18.7 percent on Aug. 5, when the initial tally was released.

The Toyota Corolla remained the top new car purchased. The Honda Civic passed the front-wheel-drive Ford Focus as No. 2. The No. 9 Nissan Versa and No. 10 four-wheel-drive Honda CR-V bumped out the Chevrolet Cobalt and inventory-depleted Dodge Caliber in the top 10.

As of Friday, dealers had submitted 358,851 deals for the clunkers initiative, which gives consumers vouchers of up to $4,500 for trading in gas guzzlers for new vehicles with better fuel economy. Those deals were worth about $1.5 billion in voucher reimbursements, or half the $3 billion in U.S. funds allocated for the incentive.
 
Here are additional cash-for-clunkers statistics released by the government:
Top 5 manufacturers of new vehicles purchased:
1 Toyota 18.9 percent
2 GM 17.6 percent
3 Ford 15.4 percent
4 Honda Motor Co. 12.9 percent
5 Chrysler 9.1 percent
     
Top 10 new vehicles purchased:
1 Toyota Corolla
2 Honda Civic
3 Ford Focus fwd
4 Toyota Camry
5 Toyota Prius
6 Hyundai Elantra
7 Ford Escape fwd
8 Honda Fit
9 Nissan Versa
10 Honda CR-V 4WD
     
Top 10 trade-ins:
1 Ford Explorer 4wd
2 Ford F-150 2wd
3 Jeep Grand Cherokee 4wd
4 Jeep Cherokee 4wd
5 Ford Explorer 2wd
6 Dodge Caravan / Grand Caravan 2wd
7 Chevrolet Blazer 4wd
8 Ford F-150 4wd
9 Chevrolet C1500 2wd
10 Ford Windstar fwd
   
http://www.autonews.com/article/20090817/ANA05/908179988/1078
 

 
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« Reply #17 on: August 18, 2009, 10:24:48 am »

Top 5 manufacturers of new vehicles purchased:
1 Toyota 18.9 percent
2 GM 17.6 percent
3 Ford 15.4 percent
4 Honda Motor Co. 12.9 percent
5 Chrysler 9.1 percent
     
Top 10 new vehicles purchased:
1 Toyota Corolla
2 Honda Civic
3 Ford Focus fwd
4 Toyota Camry
5 Toyota Prius
6 Hyundai Elantra
7 Ford Escape fwd
8 Honda Fit
9 Nissan Versa
10 Honda CR-V 4WD

Am I missing something here? How can GM be #2 if they don't even have 1 car in the top ten?
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« Reply #18 on: August 18, 2009, 11:00:06 am »

8 out of 10 Top Cash for Clunkers New Vehicles NOT Domestic.

Top 10 Clunkers Traded In .... All Domestics


 Smiley

Toyota made 18.9 percent of all new vehicles whose clunkers deals had been submitted, the National Highway Traffic Safety Administration said in its second report on the incentive. GM accounted for 17.6 percent as of Friday, down from 18.7 percent on Aug. 5, when the initial tally was released.

The Toyota Corolla remained the top new car purchased. The Honda Civic passed the front-wheel-drive Ford Focus as No. 2. The No. 9 Nissan Versa and No. 10 four-wheel-drive Honda CR-V bumped out the Chevrolet Cobalt and inventory-depleted Dodge Caliber in the top 10.

As of Friday, dealers had submitted 358,851 deals for the clunkers initiative, which gives consumers vouchers of up to $4,500 for trading in gas guzzlers for new vehicles with better fuel economy. Those deals were worth about $1.5 billion in voucher reimbursements, or half the $3 billion in U.S. funds allocated for the incentive.
 
Here are additional cash-for-clunkers statistics released by the government:
Top 5 manufacturers of new vehicles purchased:
1 Toyota 18.9 percent
2 GM 17.6 percent
3 Ford 15.4 percent
4 Honda Motor Co. 12.9 percent
5 Chrysler 9.1 percent
     
Top 10 new vehicles purchased:
1 Toyota Corolla
2 Honda Civic
3 Ford Focus fwd
4 Toyota Camry
5 Toyota Prius
6 Hyundai Elantra
7 Ford Escape fwd
8 Honda Fit
9 Nissan Versa
10 Honda CR-V 4WD
     
Top 10 trade-ins:
1 Ford Explorer 4wd
2 Ford F-150 2wd
3 Jeep Grand Cherokee 4wd
4 Jeep Cherokee 4wd
5 Ford Explorer 2wd
6 Dodge Caravan / Grand Caravan 2wd
7 Chevrolet Blazer 4wd
8 Ford F-150 4wd
9 Chevrolet C1500 2wd
10 Ford Windstar fwd
   
http://www.autonews.com/article/20090817/ANA05/908179988/1078

Cord already covered this one.  The government's numbers only make sense if you think that a Cobalt MT as a fundamentally different vehicle than a Cobalt AT, and don't add their numbers together to get total Cobalt sales.  That's the only way that the Prius, a low-volume car, got into the top five--because it's only got one engine/transmission combination.
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« Reply #19 on: August 18, 2009, 11:32:19 am »

Mitlov, your argument suggests that all those cars in the top 10 except the Prius are automatics and then they all re-appear further down with the manual transmission.

  All except the Escape and the CRV are available with both transmissions and as people in NA choose auto over manual by about 9:1.
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