Consumer Reports provides an interesting look into the Top 10 cars purchased on Cash For Clunkers rebates and the Top 10 vehicles that were traded in.
Toyota (TM) is the clear winner with its Toyota Corolla taking the top spot, followed by the Honda with its Civic model taking the #2 spot. The Toyota Prius proved popular as well at the #6 spot. Ford is the only US manufacturer in the top 10 (Ford Focus … Read the rest
The Cash For Clunkers program has been wildly successful, burning through the initial $1 billion allocated to the program within a couple weeks. Harry Reid has said that the Senate will OK another $2 billion before the August recess. The obvious beneficiaries are the auto makers and auto parts suppliers, but one pure play may be overlooked and that’s LKQ Corp (LKQX) which is the largest auto parts recycler in the nation with 280 facilities.… Read the rest