Over 80 percent of the vehicles traded in were trucks and sport-utility vehicles.
The top-selling new cars:
1. Ford Focus
2. Toyota Corolla
3. Honda Civic
4. Toyota Prius
5. Toyota Camry
The government has provided 1 billion dollars for this program. On Friday the House hastily moved to add $2 billion to the program by using money intended for energy loan guarantees. It's a shame that we could not find a way to benefit Chrysler and GM since we have invested so much into their survival. By the way, only 1 of these 5 top sellers was an American brand.
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From having lived in the Michigan area I learned that the whole "buy American" is more of a urban myth than actual reality. While Toyota is a Japanese company, it uses more US made parts than even some GM cars. So while this might not be helping GM, it surely is helping American companies.
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