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Tuesday, August 4, 2009

Cash for Clunkers Benefits Foreign Manufacturers the Most

ABC's Jonathan Karl reports from Washington:

The Cash for Clunkers program has been widely credited with boosting auto sales in July, but most of the sales boost is benefitting foreign car companies.

In fact, four of the top five cars bought through the program as of today have been Japanese cars. Here’s the top the five, according to the Department of Transportation:

1. Ford Focus
2. Toyota Corolla
3. Honda Civic
4. Toyota Prius
5. Toyota Camry

The Ford Escape is number six, followed by Hyundai Elantra, Dodge Caliber and the Honda Fit. The only car from General Motors to make the Top 10 list is the Chevrolet Cobalt, coming in at number 10. - ABC News Story

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