Cash for clunkers 1 – ‘Big Three’ get half of sales

Is the fact that the formerly Big Three auto dealers scored pretty big so far on the cash for clunkers deal, with 47 percent of sales, a reflection that they were creating and selling a lot of the clunkers in the first place?

The trade-in side of the equation really shows the issue. The top 10 “cash for clunker” trade-ins are all formerly Big Three vehicles. As for as vehicles bought, four of the top five are Japanese makes, but three of the four are built either entirely in the U.S. or the U.S./Canada.

As for benefits, then, that means formerly Big Three auto sales were up due to other reasons.