posted on Aug, 16 2009 @ 02:26 AM
According to cashforclunkersfacts.com, most models sold are foreign brands.
Ref:
www.cashforclunkersfacts.com...
[atsimg]http://files.abovetopsecret.com/images/member/e000d249e915.jpg[/atsimg]
The stats are dated August 5, but the rough numbers from their graph are this:
Foreign brands and units sold:
Toyota 7000
Honda 6000
Nissan 3100
Hyundai 2000
Kia 2000
VW 1500
Acura 1100
Mazda 1100
Subaru 900
Lexus 500
Scion 500
BMW 500
Total = 262,000 units
Domestic brands and units sold:
Ford 5500
Chevy 5000
Dodge 2500
Jeep 1800
Chrysler 1100
Pontiac 800
GMC 700
Saturn 500
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.