In case you’re wondering which automaker fared the best during the “Cash for Clunkers” program, it was Toyota. But more specifically, the Corolla was the most popular of the Toyota cars during the unprecedented event.
The data comes from last month before the program was closed, but the count shows that the sales for the Corolla were far beyond those of the U.S. automakers and other major competitors in the industry. Not only that but U.S. cars fill out the list of the 10 most traded-in vehicles while non-U.S. products hold eight of the top 10 purchased vehicles.
The program officially kicked off on July 27 and it was supposed to go through November 1. However, the government did not anticipate the popularity of the program and it almost came to an end after the first week because it ran out of money. After moving some money around and adding a couple billion more dollars to the program, the program was able to stay in effect for a couple more weeks.
Toyota holds three of the top 10 spots on the list of cars that consumers purchased. It just goes to show that consumers recognize the superior quality of Toyota cars when it comes time to invest in something that is more efficient than their current vehicle.