posted on Aug, 16 2009 @ 02:26 AM
According to cashforclunkersfacts.com, most models sold are foreign brands.
The stats are dated August 5, but the rough numbers from their graph are this:
Foreign brands and units sold:
Total = 262,000 units
Domestic brands and units sold:
Total = 179,000 units
Why would this be bad for GDP?
GDP imports are a negative number. Though a few of the foreign models are assembled here, the parts are imported. The $1B-3B in funding comes from
the government, which came from taxes, which will be deducted from your paychecks. In the end it may well be a negative investment.